May 2024 Newsletter

May 2024 Newsletter

2024 Budget Changes to the Capital Gains Inclusion Rate The 2024 federal budget proposes changing the capital gains inclusion rate from 1/2 to 2/3, effective for disposition (sale) of assets on or after June 25, 2024.  Canadian Dental Care Plan (CDCP) On May 1, 2024...
April 2023

April 2023

Extended Filing Deadline for the Underused Housing Tax (UHT) The Canada Revenue Agency (CRA) announced that due to the “unique challenges” associated with the UHT, they will not penalize those are late filing or paying their 2022 UHT. Though the deadline...