Capital Gains Tax Rates for 2024-2025
Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes occured and capital gains.
Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
Capital gains tax changes should ‘never see the light of day’: C.D. Howe
A new report from the C.D. Howe Institute says the proposed increase in the capital gains tax rate would impact people and companies more broadly than the government estimates and argues it should be scrapped amid political uncertainty.
How investors are protecting themselves from increased capital gains tax
With capital gains tax increasing since the Autumn Budget, investors are turning to tax wrappers like SIPPs and ISAs to shield their wealth
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
What is capital gains tax — check exclusions, changes, other details
In simple terms, a capital gains tax is a tax imposed on the sale of an asset by an individual or business. However, there are some exclusions that you should keep in mind.
What’s changing for personal finance in 2025, from capital gains to tax brackets
As inflation slows down, so does the increase in federal tax brackets. All five brackets will rise by 2.7 per cent for 2025, compared with an increase of 4.7 per cent for 2024. Two spending incentives unveiled by Ottawa in November will have a large part of their impact in 2025.
Canada to Apply Capital Gains Change Despite Government Halt
Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
With uncertainty around capital gains, here are tax numbers advisors can plan for in 2025
Financial advisors sitting down with clients early in the new year may be wiser to focus on 2025 changes that have been implemented
When receipts of home renovations are lost, is the tax break gone too?
When a homeowner loses receipts from years of house improvements, how can they document the renovations for the capital gains ...
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Report suggests capital gains tax is discouraging older homeowners from downsizing
Some older homeowners are discouraged to sell because their home sale proceeds will be lower after paying the required ...
Capital gains taxation: How is capital gains tax calculated on listed shares. Is there any Section 80C deduction in terms of shares sale?
When selling equity shares listed on a stock exchange within 12 months of acquiring them, individuals may experience either a ...