E-Newsletter
Q1 2025 Tax Planning Tips
Tax Tidbits… Some quick points to consider… Tax Proposals: Capital Gains Inclusion Rate The capital gains inclusion rate has been proposed to increase from 50% to 2/3, effective June 25, 2024, for corporations and most trusts as well as for the portion of capital gains realized in the year that exceeds $250,000 for individuals, graduated …
Changes to Capital Gains Taxation
Are You Ready for the Higher Capital Gains Tax Rate Starting June 25, 2024? Normally after April 30, personal income tax season is done – but not this year! The Federal Budget earlier this year threw us a curveball, announcing an increase in the capital gain inclusion rate for personal capital gains above $250,000 to 66 …