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Changes to the Capital Gains Inclusion Rate

June 19, 2024

The 2024 Federal Budget proposes the following increases to the capital gains inclusion rates effective for capital gains realized on or after June 25, 2024:
Proposed Changes to Effective Tax Rates:
Individuals*:

  •  
  • Before June 25, 2024
  • On or After June 25, 2024



  • Rate on first $250,000 of capital gains (per calendar year)
  • 26.76%
  • 26.76%
  •  




  • Rate on amount of capital gains exceeding $250,000 (per calendar year)
  • 26.76%
  • 35.69%




*These rates reflect an Ontario resident taxed at the highest marginal tax rate.

Corporations**:
  •  
  • Before June 25, 2024
  • On or After June 25, 2024



  • Immediate tax on capital gains (including refundable tax)
  • 25.09%
  • 33.45%



*Canadian controlled private corporation.

Trusts are not included in the above, but do not have a $250,000 threshold.
To read more about the changes to the capital gains inclusion rate, please find the link to the Federal budget here.

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