Budget 2024 Capital Gains Tax Canada

Budget 2024 Capital Gains Tax Canada. As of january 1, 2024, the maximum lifetime deduction is $508,418 (i.e., $1,016,836 x the current ½ inclusion rate). Canada’s recently unveiled 2024 budget proposes to adjust the capital gains inclusion rate.


Budget 2024 Capital Gains Tax Canada

Under the current rules for 2024, the lcge may shelter capital gains realized on the disposition of qualified farm and fishing. The budget proposes to increase the capital gains inclusion rate from 1/2 to:

Budget 2024 Capital Gains Tax Canada Images References :