Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends,& deductions. Financial advisors and their incorporated clients have mere weeks to decide whether to trigger billions in capital gains and adjust their long-term planning ahead of the feds’ proposed hike in the capital gains inclusion rate (CGIR) to two-thirds from half. “We will eventually run out of time, and… Continue reading Capital gains changes tip the scales for business owners

Quebec raises amount of capital gains subject to tax

Move mirrors announcement from the federal budget tabled Tuesday. Quebec says it will align its tax system with the federal government by increasing the percentage of capital gains subject to taxation. Like Ottawa announced in its budget Tuesday, Quebec says it will tax two-thirds rather than one-half of capital gains, which are profits made on… Continue reading Quebec raises amount of capital gains subject to tax