Canada Capital Gains Tax Changes 2024. The announcement of changes to the capital gains tax in canada within the 2024 federal budget marks a significant turn in the country’s fiscal policy landscape. Changes to canadian capital gains tax for 2024 explained.

In budget 2024, the government proposes to increase the capital gains inclusion rate from 50% to 66.67% on capital gains in excess of cad 250,000 realized,. Before june 25, 2024, the canada revenue agency only included 50% of the capital gain in the taxable income of individuals, trusts, and corporations.