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 bills when they sell. Will these tax changes in Canada actually stick, or be rolled back in the next session of Parliament?
