Financial Post

What the federal budget means for your pocketbook

Financial Post sent this email to their subscribers on April 16, 2024.

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Ottawa hikes capital gains tax on wealthy Canadians, businesses View this email in your browser FINANCIAL POST BUDGET 2024: OTTAWA HIKES CAPITAL GAINS TAX ON WEALTHY CANADIANS AND BUSINESSES Good afternoon, The federal government tabled its annual budget today and wealthier Canadians may not be happy about it. The biggest surprise in Budget 2024 will see the capital gains inclusion rate raised for individuals on amounts exceeding $250,000 per year. Businesses will also see the inclusion rate hiked to two-thirds, with no minimum amount. The additional tax revenue will help fund a raft of housing initiatives and other program spending, much of which was pre-announced in recent weeks. Please visit the Financial Post this evening and throughout the day tomorrow for more details and reaction.  First up: Jamie Golombek on what the budget means for your taxes. — Joe Hood, editor-in-chief, Financial Post Read our complete budget coverage here Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a photo before tabling the federal budget. Photo: Justin Tang/The Canadian Press © 2024 Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited. 365 Bloor St East, Toronto, ON, M4W 3L4 You received this email because you are subscribed to the Financial Post or one of our newsletters, registered as [email protected] • • • Contact us • Digital Ad Registry  
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