OrbitaxOrbitax

Canadian Federation of Independent Business Opposes Capital Gains Changes Unless Critical Amendments are Made

|Proposed Changes|Canada
Canada

The Canadian Federation of Independent Business (CFIB) has issued a release on its opposition to the capital gains changes proposed as part of the 2024 federal budget (previous coverage) unless critical amendments are made. This includes a proposal to increase the capital gains inclusion rate from one-half to two-thirds for corporations and trusts, and from one-half to two-thirds on the portion of capital gains realized in the year that exceed CAD 250,000 for individuals, for capital gains r…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.