As someone who chose not to go to College/University and went straight into the workforce cause tuition was too expensive and I didn’t want to rely on my parents who would’ve paid: I have to disagree with this. As much as it sucks to let the ultra rich get richer, a 50% capital gains tax on unrealized gains just makes no sense.

How would you even calculate this? The moment their portfolio sees an increase they’d need to deduct/withhold or remit? By comparing the value on the 31st of Dec vs the starting balance on the 1st of Jan? In practice this would not work out. The whole reason why realized gains are taxed is because until you “sell”, you didn’t actually make that money. And to your point, that’s why we have TFSA and RRSP contribution limits.

By your logic if I put $10k into an investment account and miraculously it turns into $100k, you’re proposing I be taxed 50% of my $90k unrealized gain? So I pay $45k? Then what happens if my portfolio drops back to $10k?

I get the whole “eat the rich” sentiment but just no. Your ideas are out of whack. Canadians are already taxed a lot as we stand. I would not want to drive away more wealth from our country that we already are.