Ask a Planner

By Jason Heath, CFP on November 11, 2024
Estimated reading time: 3 minutes

By Jason Heath, CFP on November 11, 2024
Estimated reading time: 3 minutes

The federal government’s capital gains inclusion rate increase has yet to become law. There’s a slight chance it may never come to pass.

In its 2024 budget, the federal government proposed to increase the capital gains inclusion rate. In April, it gave Canadians just over two months’ notice before the potential changes were to come into effect on June 25, 2024. Here’s how the situation has played out since then.

The capital gains inclusion rate would change for capital gains realized on or after June 25, 2024. Instead of the one-half (50%) capital gains inclusion rate that has applied since 2000, exempting one-half of........

© MoneySense