Canada’s Carney Cancels Proposed Capital Gains Tax Increase

Canada will cancel the proposed hike in the capital gains inclusion rate, Prime Minister Mark Carney announces in a statement.

• The government will maintain the increase in the lifetime capital gains exemption limit to C$1.25m on the sale of small business shares and farming and fishing property, according to the release
• “Cancelling the hike in capital gains tax will catalyze investment across our communities and incentivize builders, innovators, and entrepreneurs to grow their businesses in Canada, creating more higher paying jobs,” Carney says
• NOTE: Jan. 31, Canada Delays Capital Gains Tax Change to 2026 After Lawsuits

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