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Canadian government announces deferred implementation date for capital gains inclusion rate change

|Tax Alerts, National/Federal Taxation, G ...|Canada
Canada

  • Canada's federal government announced that it intends to introduce legislation to defer — from 25 June 2024 to 1 January 2026 — the date on which the proposed capital gains inclusion rate will increase from one-half to two-thirds on (1) capital gains exceeding CA$250k annually for individuals and (2) all capital gains realized by corporations and most types of trusts.
  • The Canada Revenue Agency also…

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