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Increasing the Capital Gains Inclusion Rate

Nora Nahornick ; Ulysse Robert-Lacroix
Published on August 1, 2024 PDF(opens a new window)

Budget 2024 introduced an increase in the capital gains inclusion rate from one half to two thirds for corporations and trusts, and from one half to two third on the portion of capital gains realized in the year that exceed $250,000 for individuals. This policy is in effect for capital gains realized on or after June 25th, 2024.

The Parliamentary Budget Officer (PBO) estimates an increase of $17.4 billion in income tax revenues from 2024-25 to 2028-29.

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