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ARTICLE · 25 APRIL 2024

2024 Federal Budget Tax Highlights

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On April 16, 2024, the Honourable Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released Budget 2024, A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future.

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Adrian Tong
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Brandon Collette
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Charles Wilson
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Garrett Louie
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Jens Watson
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Kaiden McIntyre
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Lawrence Tam
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Ray Loucks
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Shavinder Kingra
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On April 16, 2024, the Honourable Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released Budget 2024, A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future. As some updates build on previous announcements, new measures look to provide equal opportunities for all Canadians.

Crowe MacKay's tax experts provide tax highlights of key areas within the Budget that may affect you or your business. If you require assistance, connect with us in Alberta, British Columbia, the Northwest Territories, or the Yukon.

Capital Gains Tax

Capital Gains Inclusion Rate

Currently, 1/2 of capital gains and losses are included in calculating taxable income. Budget 2024 proposes to increase the inclusion rate from 1/2 to:

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