Veren Inc T.VRN

RE:Confirmation

[Red_Deer]

Hey MOE__Trudeau is ACTUALLY Expecting a LOT of Regular 50% Capital Gains
to ROLL IN for the 2024 Tax Year__Time will Tell IF their ForeCast are Correct eh.

I DOUBT IT !!!!

A controversial increase to the capital gains inclusion rate is now in effect despite strong pushback from small businesses, farmers and medical professionals.

 

Starting Tuesday, individuals with capital gains of more than $250,000 will be subject to an inclusion rate of 67 per cent, up from 50 per cent before. For corporations, all capital gains are now subject to the two-thirds inclusion rate.

 

The federal government says the move will improve tax fairness and increase federal revenues(opens in a new tab) by $19.4 billion over five years, with a bulk of that money flowing into federal coffers this year. Budget 2024 shows the change to the inclusion rate will bring in an estimated $6.9 billion dollars this fiscal year.



https://www.ctvnews.ca/politics/controversial-capital-gains-change-now-in-effect-1.6939198

https://www.ctvnews.ca/politics/we-asked-an-economist-if-the-capital-gains-tax-changes-will-really-generate-nearly-20b-1.6924053