Capital gains tax changes strike a nerve with Canadian tech ecosystem ...Middle East

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Capital gains tax changes strike a nerve with Canadian tech ecosystem
Over 150 leaders have already signed an open letter calling on feds to reverse course. In response to the proposed capital gains measures in Budget 2024, more than 150 leaders have already signed an open letter by the Council of Canadian Innovators (CCI) calling on Ottawa to claw back the changes. The budget proposes lifting the inclusion rate businesses pay on capital gains from 50 percent to 66.7 percent, beginning on June 25, 2024. For individuals, the inclusion rate would increase to one-third of capital gains over $250,000 CAD.  “I think it would be a mistake if we make Canada even less competitive at such an incredibly important moment in time.“ Michael Katchen, Wealthsimple The go

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