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To sell or not to sell? Experts weigh in on triggering capital gains before June 25 change

Veuillez noter que cet article se trouve sur une plateforme tierce et qu'il n'est disponible qu'en anglais.

To sell or not to sell? Canadians are contemplating this question following the federal government’s proposal to increase taxes on capital gains, starting June 25.

Under the proposed changes, the portion of capital gains to which taxes apply, known as the inclusion rate, would rise from one-half to two-thirds. For individuals, this would apply only to capital gains exceeding $250,000 in a given year, whereas all capital gains realized by corporations and trusts would be subject to the new rate.

Click here to read the full article by Farhan Devji, originally published on Yahoo Finance Canada on April 30, 2024, featuring insights from Aaron Hector, Private Wealth Advisor, Financial Planner.

The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.