The article states to increase the capital gains inclusion rate from one-half to two-thirds for corporations and trusts, and from one-half to two-thirds on the portion of capital gains realized in the year that exceeds $250,000 for individuals, for capital gains realized on or after June 25, 2024.
If there is a capital gain increase before June 25, 2024, the new capital gains inclusion rate will not apply. Is that right? So, should we encourage our donors to donate before June 25, 2024?
How does the Budget 2024 affect the charitable sector? | CAGP (cagp-acpdp.org)
2024 Federal Budget: Highlights for the Charitable and NPO sector | Miller Thomson LLP | Canadian business law firm
Thank you so much for your support,
Berna Gulmisal
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