Canada Federal Budget 2024 Includes Higher Capital Gains Inclusion Rate, New Investment Tax Credits and Accelerated Capital Allowances, and Several Other Measures
Canada's 2024 federal budget was delivered on 16 April 2024. Some of the main tax measures of the budget as well as previously announced measures are summarized as follows:
Capital Gains Inclusion Rate
One half of a capital gain is included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. The current one-half inclusion rate also applies to capital …
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