New Capital Gains Tax 2024 Cra. Calculate the annual tax due on your capital gains in 2024/25 for federal & provincial capital gains tax. If you are considering a tax motivated transaction, it would be good to complete them by the end of the 2023.
Capital gains realized by individual taxpayers on or after june 25, 2024 will only be subject to the increased inclusion rate on the portion of those gains that exceed. The tax incentive will work to apply a reduced capital gains inclusion rate of 33.3% on a lifetime maximum of $2 million on eligible capital gains.
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