Predicting the Effect of Canadian Budget 2024 on Small Businesses

Accountants for Plumbers in Ontario

Estimated reading time: 5 minutes

Predicting the Effect of Canadian Budget 2024 on Small Businesses

Toronto Based Accountants for Plumbers
  1. For the first $250,000 in capital gains, an individual taxpayer would continue to pay tax on 50% of the gain.
  2. For every dollar beyond $250,000, two-thirds would be taxable.
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