03/21/2025
Breaking news: capital gains inclusion rate increase has been cancelled by PM Mark Carney.
With the original proposed increase in capital gains inclusion rate, and a subsequent announcement on the deferral of capital gains increase to 2026, the announcement on the cancellation has just surfaced.
https://www.pm.gc.ca/en/news/news-releases/2025/03/21/prime-minister-mark-carney-cancels-proposed-capital-gains-tax-increase
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In addition, the government will maintain the increase in the Lifetime Capital Gains Exemption limit to $1,250,000 on the sale of small business shares and farming and fishing property.