Canadian government announces deferred implementation date for capital gains inclusion rate change

05 February 2025|Tax Alerts, National/Federal Taxation, Global|Canada

Canada's federal government announced that it intends to introduce legislation to defer — from 25 June 2024 to 1 January 2026 — the date on which the proposed capital gains inclusion rate will increase from one-half to two-thirds on (1) capital gains exceeding CA$250k annually for individuals and (2) all capital gains realized by corporations and most types of trusts.
The Canada Revenue Agency also announced that it has reverted to administering the currently enacted one-half capital gains inclus…

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