Category: Income Tax Act

Changes to the Capital Gains Inclusion Rate: What You Need to Know

Introduction On June 11, 2024, the federal government provided further clarification on the upcoming changes to the capital gains inclusion rate, first announced in the 2024 federal budget (Budget 2024). Effective June 25, 2024, the inclusion rate for capital gains will increase from 50% to 66.7% for individuals, trusts, and corporations. This change has significant […]