Posts Tagged: capital gain tax

Federal Budget 2024: Canada Hikes Capital Gains Tax to 66.6% for High Earners, Starting June 25

The federal government is raising the inclusion rate to two-thirds from one-half on capital gains above $250,000 realized annually by individuals and on all capital gains realized by corporations and trusts. The proposed higher new rate kicks in June 25, 2024, the government announced in Budget 2024.­ Right now, only 50 percent of capital gains

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Disclaimer: This information does not replace the advice of a tax professional.

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