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ARTICLE · 07 OCTOBER 2024

Key Regulatory And Tax Changes Impacting Private Capital Funds

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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As private capital funds continue to evolve, investors must navigate an increasingly complex environment shaped by significant tax reforms, regulatory shifts and compliance requirements.

CanadaTax
Kate McGilvray
Kate McGilvray
Adam Ngan
Adam Ngan
Vladimir Shatiryan
Vladimir Shatiryan
Carrie Aiken
Carrie Aiken
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As private capital funds continue to evolve, investors must navigate an increasingly complex environment shaped by significant tax reforms, regulatory shifts and compliance requirements. Below are five key developments and considerations for stakeholders:

  1. Alternative Minimum Tax Amendments: Recent amendments to the alternative minimum tax (AMT) introduce an increase in the AMT rate (from 15% to 20.5%) and adjustments to the capital gains inclusion rate (from 80% to 100%). The amendments also include a disallowance of 50% of deductions for interest on money borrowed to acquire property. This heightened tax burden could impact investors' after-tax returns, making proactive tax strategy adjustments essential.

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