When the 2024 federal budget was released in April, there were several notable proposed tax changes that will have direct implications on most Canadians. The first change relates to the capital gains inclusion rate. Since 2001, it has been 50 per cent, which means 50 per cent of a capital gain is tax free and […] Read more
Tag Archives capital gains tax — page 2
Farm groups sound off on budget concerns
Ten national organizations say change to the capital gains inclusion rate and other proposed moves will impact farmers
Glacier FarmMedia – REGINA — Canadian national farm organizations have united against proposed budget measures that they say will negatively affect farmers. Planned changes to the capital gains inclusion rate also drew specific concern and attention from the House of Commons’ agriculture committee. Related stories: In a May 27 letter to finance minister Chrystia Freeland, […] Read more
Capital gains inclusion rate change will have an effect
The federal government delivered its budget April 16, and it contained two very important changes that could affect long-term planning for your operation. These changes are extremely important to note for agricultural producers because they will likely impact future tax payable amounts. They are the increase in the capital gains inclusion rate to two-thirds from […] Read more
Capital gains tax change will need more analysis
The federal government has tapped a new source of funding for its overspending — the capital gains tax inclusion rate. Farmers won’t be affected on a year-to-year basis, but in many cases, it will alter approaches to succession planning. The general public has a limited understanding of capital gains tax. Why would a wage earner […] Read more
