Deep dive into Real Estate by Team Laddi Dhillon

EP49 Hey CANADA, A HUGE Tax Break Just Announced!

Laddi Dhillon Season 1 Episode 49

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Canada's federal government has postponed a planned increase to the capital gains tax inclusion rate until 2026, delaying a rise from 50% to 66.67% on gains exceeding $250,000 for individuals. This postponement follows an initial proposal in 2024 and subsequent parliamentary delays. Despite the delay, other tax measures remain in place, including an increased Lifetime Capital Gains Exemption and a new Canadian Entrepreneurs’ Incentive. The future of the capital gains tax increase remains uncertain, pending further legislative action and a federal election.

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