Liberal government’s proposed capital gains tax changes come into effect today
The Liberal government’s changes to capital gains taxation came into effect Tuesday, despite significant pushback from business and physicians’ groups. Finance Minister Chrystia Freeland’s spring budget proposed making two-thirds of capital gains — the profit made on the sale of assets such as a secondary residence or stocks — taxable, rather than one-half. For individuals’ capital gains of $250,000 or less, […]