Isn't it a 50% inclusion rate for capital gains in Canada? That works out to a maximum tax rate of 27% in the top tax bracket. And they canceled the proposed increase to a 66% inclusion rate, which is probably smart considering how a ton of rich Canadians already move to Florida.

You should include state taxes, which in CA's case tops at 13.3% and 3.8% NII, bringing the total to 37.1%.

Not that increasing taxes on capital gains is the way to go, but America's wealthy aren't going to move to China or India.