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ARTICLE · 02 JANUARY 2026

Budget 2025: Effect On M&A Market

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The recent Federal budget outlines several factors influencing M&A and PE. Please see our Budget 2025: Building Canada's Strength article for a more detailed...

CanadaCorporate/Commercial Law
Neil Burnside
Neil Burnside
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The recent Federal budget outlines several factors influencing M&A and PE. Please see our Budget 2025: Building Canada's Strength article for a more detailed insight on the budget.

  • No increase in capital gains inclusion rate: The budget did not indicate any intention to revisit the previously announced cancellation of the capital gains inclusion rate hike, keeping the inclusion rate unchanged at 50%. This is significant for PE exits and M&A transactions, as it preserves the current tax treatment of gains.
  • Lifetime Capital Gains Exemption (LCGE) raised to $1.25M for the sale of qualifying small business corporation shares and qualifying farm or fishing property. This benefits sellers in mid-market deals and succession planning.

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