Budget 2024: Capital gains tax changes

New capital gains tax changes will impact 0.13 per cent of Canadians

Speaking about the new 2024 federal budget Tuesday Deputy Prime. Some business groups are worried that new capital gains tax changes could hurt economic growth But according to Small Business Minister Rechie Valdez most.

You may be able to claim the capital gains deduction on taxable capital gains you have in 2023 from any of the following Dispositions of qualified small business corporation shares QSBCS.

For 2024 the ⅔ applies to capital gains realized after 24 June 2024 And the 250000 limit for individuals will only apply to gains realized after 24 June 2024. As of June 25 the capital gains tax inclusion rate is set to increase from 50 to 6667 for all capital gains realized by corporations and trusts and for capital gains over 250000..