Capital Gains Tax
- Modern Accounting
- Feb 19
- 1 min read
📣The Government of Canada announced in 2024 that increase would take effect in the
middle of the tax year, June 25, 2024. This led to many Canadians scrambling to sell their investments and property before that date to avoid the increase.
The government announced on January 31, 2025 that they were deferring the capital
gains rate increase until January 1, 2026. That means that the capital gains inclusion rate remains the same as 2023 for your 2024 taxes.
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