2024 Budget Consultation – Capital Gains Tax Inclusion Rate and Canadian Entrepreneurs’ Incentive
September 8, 2024 | Documents
NCFA submitted a budget consultation to the Department of Finance on the Capital Gains Tax Inclusion Rate and Canadian Entrepreneurs’ Incentive.
NCFA calls upon the government to return intergenerational farm transfers in Canada to the former one-half capital gains inclusion rate and conduct a responsible examination of the impact of these Budget 2024 tax changes on Canadian farms, rural communities, food security and food affordability.
Without returning to the one-half capital gains inclusion rate, Canada risks family farm transfers being unattainable for the next generation – thus impacting the future model of both Canadian farms and rural communities.