2024 Federal Budget Commentary

2024 Federal Budget Commentary

On April 16, 2024, the Canadian government introduced Budget 2024: Fairness for Every Generation.

Brief Highlights – Capital Gains

We want to highlight the most time sensitive issue – change in capital gains rates.

There has been talk of a change in capital gains rates for years. They have finally done it. The good news is that the new rules are not effective for gains before June 25, 2024. This means that any capital gain that occurs between today and June 24, 2024, will be under the current regime.

The following is a brief overview of the key tax measures.

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