Business owners learn more about capital gains tax changes

📆 5/30/2024 3:51 PM
📰 tbnewswatch

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Tax experts provided information on how changes to the capital gains tax proposed in the 2024 federal budget will impact business owners.

THUNDER BAY – The Thunder Bay Chamber of Commerce hosted an information session on Thursday with tax experts on how business owners will be affected by changes to the capital gains tax.

Held at the Prince Arthur Hotel, the information session included presentations from David Fitzpatrick, partner in Taxation Services with MNP LLP and Jennifer Whelan, partner with BDO Canada LLP. The maximum credit is $2 million, so if someone is able to realize the whole credit they will pay $416,000 less.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Download the June 2024 edition of Report on Business magazineRead the full issue, exclusively for subscribers
Source: globebusiness - 🏆 31. / 66 Read more »

Atlantic Business Magazine names 2024 Top 50 CEOsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Thai business group cuts 2024 GDP growth forecast to 2.2%-2.7%Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »