The Canadian Department of Finance Aug. 12 opened a consultation on draft 2024 budget measures. The draft measures include proposals to: 1) remove GST from co-operative housing built for the long-term rental market; 2) introduce a 10 percent Accelerated Capital Cost Allowance, for projects beginning construction on or after April 16, 2024, and before January 1, 2031, and completed by January 1, 2036; 3) expand eligibility for the Clean Technology investment tax credit and the Clean Electricity investment tax credit; 4) increase the capital gains inclusion rate to two-thirds from one-half, for annual capital gains exceeding C$250,000 (US$ 182,430) for ...
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