What would you actually pocket each year if you cashed out the annual gain at each portfolio milestone? Uses real progressive Quebec + federal capital gains brackets (50% inclusion rate).
$
Salary, pension — shifts your brackets up
%
Override if you want a different rate here
2025 combined Quebec + federal capital gains rates (on total gain)
$0 – $53,25513.05%
$53,255 – $57,37515.55%
$57,375 – $106,49518.06%
$106,495 – $114,75020.56%
$114,750 – $129,59022.86%
$129,590 – $177,88223.73%
$177,882 – $253,41425.11%
Over $253,41426.65%
Rates are progressive — each dollar is taxed at the rate for its bracket only, not the top rate on the whole gain. Max effective rate in Quebec is 26.65%. If you have other income, those brackets fill up first and your gains land higher.