"Canada's New Capital Gains Tax Increase Aims to Fund Housing Initiatives"
TL;DR Summary
Canada plans to raise capital gains taxes on businesses and wealthy individuals to generate funds for housing initiatives and youth-focused programs. The government will tax Canadian companies on two-thirds of their capital gains, up from half, and apply the same change to individual taxpayers with gains over C$250,000. However, the tax-free status for selling primary residences will remain unchanged.
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