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The Canadian federal government has announced a significant change to its tax policy, increasing the capital gains inclusion rate from one-half to two-thirds. This new rate will apply to annual gains exceeding $250,000 for individuals and to all capital gains for corporations and trusts, effective June 25, 2024. The government projects this will generate over $19 billion in revenue over five years, intended to fund housing and social programs. The move has drawn sharp criticism from business groups, doctors, and technology leaders, who warn it will stifle investment and innovation in Canada.