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Capital gains tax change is in effect, what will it do? | Canada Tonight
Posted
June 25, 2024
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June 25, 2024
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5:26Now PlayingChanges to the capital gains inclusion rate take effect today, with the rate jumping from 50 to 66 per cent on capital gains above $250,000 per year for individuals, and on all capital gains realized by corporations and trusts. Jamie Golombek, an economist, says this ‘won’t affect the average Canadian’ unless they're trying to sell a vacation home.
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