On April 16, 2024, the Honourable Chrystia Freeland presented the 2024 Federal Budget in the House of Commons. One of the proposed measures announced in the Budget is an increase to the capital gains inclusion rate for individuals, corporations and trusts.

With tax efficiency playing an important part in building wealth, you may be wondering how this proposed change may impact you. We’re pleased to provide this article, Planning for the proposed increase to the capital gains inclusion rate, which outlines what’s known about the proposed changes at this time, as well as potential planning considerations.

If you have any questions about the Budget and how it may affect you, or for any other wealth management needs, please contact us directly.