Canada's Liberal government increased capital gains taxation on June 18, affecting gains over $250,000 to fund housing and youth priorities.
Canada's Liberal government enacted changes to capital gains taxation on June 18, despite opposition from business and medical groups. The new rules, which make capital gains taxable instead of half, will not affect individuals with gains of $250,000 or less, where the inclusion rate remains at 50%. Prime Minister Justin Trudeau has argued that these changes will create generational fairness, with the $19.4bn expected to be raised in five years set to fund housing and other priorities for young people.
June 24, 2024
36 Articles