Month: February 2025

Government of Canada announces deferral in implementation of change to capital gains inclusion rate

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https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.html From: Department of Finance Canada News release January 31, 2025 – Ottawa, Ontario – Department of Finance Canada Today, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half Read more about <strong>Government of Canada announces deferral in implementation of change to capital gains inclusion rate</strong>[…]

Update on the Canada Revenue Agency’s administration of the proposed capital gains taxation changes

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https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2025/update-cra-administration-proposed-capital-gains-taxation-changes.html January 31, 2025 Ottawa, Ontario Canada Revenue Agency The Department of Finance announced today that it will introduce legislation in Parliament in due course, related to the capital gains inclusion rate change with a new effective date of January 1, 2026. The announcement confirms the government’s intention that, effective for dispositions that occur on or after January 1, 2026, the inclusion rate Read more about Update on the Canada Revenue Agency’s administration of the proposed capital gains taxation changes[…]