Description
Seller-provided details for this listing.
Effective June 25, 2024, Canada’s Budget 2024 raises the capital gains inclusion rate to two-thirds for corporations and trusts, and for individuals on gains above $250,000. This adjustment affects high-gain investments, particularly in professional corporations, real estate, and employee stock options. Planning strategies include crystallizing gains via Section 85(1) rollovers, utilizing share exchanges under Sections 51 and 86, and applying carryforward net capital losses. Due to the intricate tax implications and pending legislative details, consulting a tax professional is highly recommended.
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
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