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Moira Tasker

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CIBC Private Wealth

May 09, 2024

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How will the upcoming changes to tax on capital gains affect you?

 

You may have heard that the government recently proposed changes to the tax on capital gains in the 2024 federal budget. Starting on June 25, 2024, the capital gains inclusion rate will be increased to two-thirds from one-half on total capital gains realized in a year that are above $250,000 for individuals, as well as for all capital gains realized in a corporation or trust.

 

Read the full report.

 

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CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.