Finance released revised draft legislation increasing the inclusion rate for capital gains realized on or after June 25, 2024.
Finance released revised draft legislation increasing the inclusion rate for capital gains realized on or after June 25, 2024.
Although the draft legislation is largely the same as the previous draft released on August 12, 2024 (read TaxNewsFlash), it includes some taxpayer favorable changes in response to Finance’s most recent public consultations on the rules:
The capital gains changes are not yet law, and it remains unclear when the draft legislation may be included in a bill.
Read a September 2024 report prepared by the KPMG member firm in Canada