In many cases, realizing — or harvesting — capital gains on assets in CCPCs before June 25 and using tax-efficient capital dividends to reduce personal taxes owing in future years may be a favourable ...

So for the first $250,000 in capital gains, an individual taxpayer would continue to pay tax on 50 per cent of the gain. For every dollar beyond $250,000, two-thirds would be taxable.

That new rate would apply to all capital gains of more than $250,000 each year. Businesses would face the same inclusion rate, but the new tax would apply to all capital gains (not just gains ...