The Federal Budget 2024 included a provision for raising the inclusion rate of Capital gains for individuals as follows:
Aravind wrote about the change to the personal capital gains inclusion rate and how it may affect different individuals with different types of capital gain based property. Affected property with different planning implications will potentially include:
Diversified investments in a non-registered portfolio
Concentrated investments (ex. shares or options of a start-up or tech company that sky-rocketed in price)
Disposition of rentals/cottages
Disposition of shares of businesses held personally
Some ways that trusts may become more valuable if used properly in the future
Aravind Sithamparapillai
Discussion