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Canada Postpones Capital Gains Inclusion Rate Change to 2026

The Government of Canada has announced a deferral in the implementation of a change to the capital gains inclusion rate. The Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, confirmed that the date for this change has been postponed from June 25, 2024, to January 1, 2026.

This adjustment involves increasing the capital gains inclusion rate from one-half to two-thirds. The deferral impacts capital gains realized annually above $250,000 by individuals, as well as all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate determines the taxable portion of capital gains.

The decision to defer the implementation provides additional time for individuals and businesses to prepare for the new rate. Further details on the reasons for the deferral were not disclosed.

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