Impact and Planning Opportunities for Corporations and Individuals | |
Canada’s Budget 2024 changes the capital gains inclusion rate from June 25, 2024. Corporations and trusts will see a two-thirds inclusion rate on all gains; individuals will apply this rate only to gains exceeding $250,000. Key impacts include higher taxes on substantial gains from investments, real estate, and stock options. Planning strategies include crystallizing gains through Section 85(1) rollovers, using tax-deferred share exchanges, and leveraging carryforward net capital losses. Given the complexity and pending legislation, professional tax advice is essential for navigating these changes. For more information please visit - https://www.maroofhs.com/post/tax-alert-capital-gains-inclusion-rate-changes-and-planning-opportunities-canada/ Address: Maroof HS CPA Professional Corporation 4102-85 Queens Wharf Rd Toronto, M5V 0J9, ON Canada (647)724-4308 | |
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Target Prov.: Ontario Target City : Toronto Last Update : May 21, 2024 1:40 AM Number of Views: 46 | Item Owner : Maroof Contact Email: Contact Phone: (647)724-4308 |
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