Скачать или смотреть Canadian Capital Gains Tax - Effect on Real Estate

Are you a real estate investment property owner? Then you need to know about the new Canadian capital gains tax changes taking effect this June. The capital gains tax inclusion rate will increase from 50% to 66% on capital gains above $250,000. Principal residences remain tax-free, but this change significantly impacts taxable properties like rentals.

If your capital gains are below $250,000, nothing changes for you. However, if they're above this threshold, consider strategies to mitigate the impact of the 66% tax inclusion rate. For instance, selling your property before the new tax rate kicks in might be beneficial.

Make sure to consult with your financial advisor for tailored advice. If you have any questions or need assistance, feel free to send me a message. I'm here to help!

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