How to Multiply Your Capital Gains Allowance Using Your Spouse: A Case Study
As of June 25, 2024, capital gains in Canada are included in income at a 2/3 inclusion rate, up from the previous 1/2 rate. This increases the tax for large gains on investments. However, there’s good news: the first $250,000 of capital gains still benefits from the 1/2 inclusion rate, providing substantial tax savings. For […]
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