The plan introduced in the spring was to increase the "inclusion rate" for the capital gains tax. Under the old plan, Canadians pay taxes on 50 per cent of the profit (the capital gain) on the ...

In the case of the current capital gains tax changes, there’s an unusual degree of uncertainty about whether the proposal will actually become law, Mr. O’Riordan said.

For example, triggering capital gains before June 25, 2024, may cause the amended Alternative Minimum Tax (AMT) to apply. If so, the question will be whether or not there is a feasible plan to try to ...

The federal government confirmed on Friday it's reversing course on increases to the capital gains tax that were announced in the last federal budget after initial reporting from CBC News on Thursday.

WATCH ABOVE: Poilievre, Conservatives vote against capital gains tax increase – Jun 11, 2024 In less than two weeks, some Canadians could see changes to the way their capital gains are taxed.

The sale of a home designated as a principal residence would remain exempt from capital-gains taxes. The changes were supposed to take effect as of June 25, 2024.

The 2025 tax season is well underway, but the Canada Revenue Agency doesn’t want Canadians who earned capital gains last year to file their returns – just yet. The CRA said in a news release ...

There may be tax implications to renting out your home after moving out of it. There are also some exceptions to capital gains rules. This article is 1 year old. Some details may be outdated.

You can deduct the $500,000 in renovation costs to the capital gains so that you’re only paying tax on $400,000. This scenario only applies if you’ve tracked those renovation expenses properly.

Capital gains tax increase will bring in less revenue than expected Jamie Golombek: C.D. Howe researchers, in looking at tax-payer behaviour when faced with higher tax rates, came up with a number ...