NCFA submitted a joint letter to the government of Canada regarding Budget 2024 measures related to the Capital Gains Inclusion Rate, Alternative Minimum Tax and Canadian Entrepreneurs’ Incentive.
we are concerned with the potential impacts associated with Budget 2024’s proposed increase to the capital gains inclusion rate from one half to two thirds for corporations and trusts, and from one half to two thirds on the portion of capital gains realized in the year that exceed $250,000 for individuals on or after June 25th, 2024.