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Canada’s Capital Gains Tax is in Limbo

Canada’s capital gains tax changes are in limbo after Parliament was prorogued, but the CRA is already collecting the higher rate introduced by the federal government.
Anyone facing a significant capital gain—including investors, small business owners, entrepreneurs, and even cottage owners—now faces uncertainty and potentially higher taxes when they sell. Will these changes actually stick, or be rolled back in the next session of Parliament? Get the full story from CBC News: https://www.cbc.ca/news/business/capital-gains-tax-changes-1.7424896.
If you’re affected, be sure to keep an eye on how the next government handles this issue—there may be a chance to apply for a refund later if the proposal is scrapped.

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