Capital gains proposal to be presented to Parliament on Monday, Finance Minister Chrystia Freeland says

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Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation

The Liberal government plans to take the first legislative step Monday toward increasing the inclusion rate on capital gains.

.Currently, only one-half of the profits made on the sale of assets – such as stocks or secondary real estate property – are taxed. The higher inclusion rate will apply to all capital gains realized by corporations, while individuals will only face the higher inclusion rate on capital gains of more than $250,000.

 

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