Canada's 2024 federal budget was delivered on 16 April 2024. Some of the main tax measures of the budget as well as previously announced measures are summarized as follows:
Capital Gains Inclusion Rate
One half of a capital gain is included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. The current one-half inclusion rate also applies to capital losses. Budget 2024 proposes to increase the capital gains inclusion rate from one half to two third…