New Capital Gains Tax 2024 Canada. Canada releases legislative details on proposed changes to capital gains tax rules. The federal government has proposed an increase in the “inclusion rate” from 50% to 66.67% on capital gains above $250,000 for individuals.

In practice, the lifetime capital gains exemption is provided in the form of a deduction when calculating an individual’s taxable. On june 10, 2024, the ministry of finance announced amendments to the income tax act to increase the capital gains inclusion rate effective june 25, 2024.