2024 Federal Budget – Planning for the proposed increase to the capital gains inclusion rate
Canada's recently unveiled 2024 federal budget proposes to increase the capital gains inclusion rate to 66.67% from 50%. Knowing tax efficiency plays a key role in building wealth, you're likely wondering how this change may affect you. This article details what's known about the proposed changes at the time of writing; it also outlines planning strategies you may wish to consider before the proposed June 25 2024 effective date and going forward.
