Announced in Budget 2024, the capital gains inclusion rate
is set to increase from one-half to two-thirds for corporations and
trusts as well as individuals on the portion of gains exceeding
$250,000. The Department of Finance
Canada recently announced that it will proceed with these
measures, impacting capital gains realized on or after
June 25, 2024.
Crowe MacKay's trusted tax advisors summarize how the new
rules will impact you or your business. If you require
assistance, connect with us in Alberta, British
Columbia, the Northwest Territories, or the Yukon.
Basic Inclusion Rate and $250,000 Threshold for
Individuals
As of June 25, 2024, the basic inclusion rate for capital gains
and losses will increase from one-half to two-thirds. This change
is significant for those who need to plan their finances
accordingly. However, there are nuances to consider:
