2021 Election Platforms: Tax and Housing Measures Promises

As of June 25, 2024, capital gains in Canada are included in income at a 2/3 inclusion rate, up from the previous

In this article, we explain how the recent changes in capital gains rates will impact small businesses in Canada. They will affect not only how much they pay in taxes on capital gains but also their regular business income.

Recent changes to capital gains inclusion rates have introduced complexities for corporations managing their Capital Dividend Account (“CDA”). Understanding these changes is crucial as they could result in significant unexpected penalties.