Cancellation of the increase in the capital gains inclusion rate

On March 21, Prime Minister Carney announced that the Government of Canada will cancel the proposed increase in the capital gains inclusion rate.

“Canada is a country of builders. Cancelling the hike in capital gains tax will catalyze investment across our communities and incentivize builders, innovators, and entrepreneurs to grow their businesses in Canada, creating more higher paying jobs. It’s time to build one Canadian economy – the strongest economy in the G7.”

- The Rt. Hon. Mark Carney,
Prime Minister of Canada

Useful link: the latest budget document from the iA Large Case Solutions team:

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