How Canada’s capital gains tax changes might impact Canadian tech ...Middle East

BetaKit breaks down changes for tech founders, funders, workers, and firms. Last week, Canada’s Liberal government announced capital gains tax changes that, for the technology sector, have overshadowed all other items in Budget 2024. In short, the Government of Canada has proposed raising not the tax rate but the inclusion rate on capital gains—which include profits from the sale of assets like stock or property—from one-half to two-thirds. Essentially, this means that a greater percentage of capital gains will soon be considered taxable income, potentially bumping some individuals and companies into new tax brackets. By doing this, the feds hope to help finance billions in spending on ho

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Last updated : 26 April 2024 clock 11:44 PM

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How Canada’s capital gains tax changes might impact Canadian tech ...Middle East

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