Legislation implementing the federal government’s planned increase to capital gains taxes will be introduced before the House rises for summer, Finance Minister“In the coming weeks, and certainly before the House rises, we will begin the legislative process to implement our increase in the inclusion rate,” she said.
The government’s plan to raise about $19-billion over five years through capital gains tax changes was the biggest new announcement in Ms. Freeland’s April 16 budget. The budget said that as of June 25, the inclusion rate – the portion on which tax is paid – will rise from one-half to two-thirds on capital gains realized by companies. The increase will also apply to individuals, but only on capital gains above $250,000.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PGCitizen - 🏆 65. / 51 Read more »
Source: timescolonist - 🏆 15. / 75 Read more »
Source: SooToday - 🏆 8. / 85 Read more »
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »