Capital gains tax, CRA

Capital gains tax changes are in limbo. But the CRA is collecting new charges anyway
When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?
Capital gains tax changes should ‘never see the light of day’: C.D. Howe
A new report from the C.D. Howe Institute says the proposed increase in the capital gains tax rate would impact people and companies more broadly than the government estimates and argues it should be scrapped amid political uncertainty.
Capital gains tax proposals weren't passed before prorogation but CRA to administer anyway
Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.
How investors are protecting themselves from increased capital gains tax
With capital gains tax increasing since the Autumn Budget, investors are turning to tax wrappers like SIPPs and ISAs to shield their wealth
Here’s how capital gains tax changes will work after Parliament prorogued
When Prime Minister Justin Trudeau announced his pending resignation and prorogued Parliament, planned changes to how capital gains will be taxed were left in limbo.
What is capital gains tax — check exclusions, changes, other details
In simple terms, a capital gains tax is a tax imposed on the sale of an asset by an individual or business. However, there are some exclusions that you should keep in mind.
What’s changing for personal finance in 2025, from capital gains to tax brackets
As inflation slows down, so does the increase in federal tax brackets. All five brackets will rise by 2.7 per cent for 2025, compared with an increase of 4.7 per cent for 2024. Two spending incentives unveiled by Ottawa in November will have a large part of their impact in 2025.
Canada to Apply Capital Gains Change Despite Government Halt
Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.
Finance confirms CRA will administer capital gains tax changes
Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation
How prorogation will impact capital gains tax changes in Canada
The Canada Revenue Agency has yet to offer guidance on how the Liberals’ capital gains tax proposal will be handled.
Canada to Enforce Capital-Gains Tax Increase Without Implementing Legislation
OTTAWA--To the ire of business groups, Canadian authorities intend to collect proceeds based on a higher capital-gains tax even though the Liberal government failed to pass implementing legislation before outgoing Prime Minister Justin Trudeau dissolved parliament.
Jamie Golombek: How to handle the uncertainty about capital gains in tax filing this year
The April 16, 2024, budget announcement was followed up by a motion tabled in Parliament on June 10, 2024. On Sept. 23, 2024, ...
Uncertainty around capital-gains tax clouds fiscal outlook for Ottawa, provinces
If the tax changes never become law, the CRA will likely need to refund affected taxpayers, resulting in lower federal and ...