New Capital Gains Tax 2024 Cra. The capital gains inclusion rate was adjusted in june and the motion before the house today will allow the government to introduce the legislation to formalize the. Finance released revised draft legislation increasing the inclusion rate for capital gains realized on or after june 25, 2024.
The total tax cost associated with triggering the $2,000,000 capital gain before june 25, 2024 is roughly $17,000. The budget also proposes to decrease the stock option deduction to 1/3 to align with the new capital gains inclusion rate.
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