Capital Gains Tax Rates for 2024-2025
Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes occured and capital gains.
Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
Capital gains tax changes should ‘never see the light of day’: C.D. Howe
A new report from the C.D. Howe Institute says the proposed increase in the capital gains tax rate would impact people and companies more broadly than the government estimates and argues it should be scrapped amid political uncertainty.
Short-Term Vs. Long-Term Capital Gains Taxes For 2025: What Should Taxpayers Know
Wondering what the differences between short-term and long-term capital gains taxes are? Check this guide to learn the important distinctions and how they impact you.
What is capital gains tax — check exclusions, changes, other details
In simple terms, a capital gains tax is a tax imposed on the sale of an asset by an individual or business. However, there are some exclusions that you should keep in mind.
Canada to continue collecting capital gains tax despite parliament suspension, finance ministry says
Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
How investors are protecting themselves from increased capital gains tax
With capital gains tax increasing since the Autumn Budget, investors are turning to tax wrappers like SIPPs and ISAs to shield their wealth
What happens to the capital gains tax hike now that Parliament is prorogued?
The fate of the capital gains tax is up in the air after Prime Minister Justin Trudeau's decision to resign and prorogue Parliament.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
CRA to continue with capital tax changes despite prorogation: Finance Department
The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven't passed in Parliament, which is prorogued until March 24.
Jamie Golombek: How to handle the uncertainty about capital gains in tax filing this year
The April 16, 2024, budget announcement was followed up by a motion tabled in Parliament on June 10, 2024. On Sept. 23, 2024, ...
Canada to Apply Capital Gains Change Despite Government Halt
Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s ...
Uncertainty around capital-gains tax clouds fiscal outlook for Ottawa, provinces
If the tax changes never become law, the CRA will likely need to refund affected taxpayers, resulting in lower federal and ...