Canada Capital Gains Tax Changes 2024 Tax. The federal government’s 2024 budget proposes changes to how capital gains are taxed, which could see the wealthiest canadians pay up a bigger share of their returns. Housing, productivity and innovation at stake with the capital gains inclusion rate increase set to take effect june 25.
The house of commons voted tuesday to approve the liberal government’s capital gains tax changes despite the conservatives opposing the measure. This takes into account the new capital gains tax rates that came into effect on june 25, 2024.
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