Fiscal and Financial Planning Guide 2024-2025

Investments > Capital gains

Few tax issues have caused so much discussions, only to finish in a deadend.

This measure, announced in the Federal Budget of April 16, 2024, provided for an increase in the inclusion rate from 50% to 66.66% in certain situations on capital gains realized after June 25, 2024. Although part of the Notice of Ways and Means Motions tabled on September 23, 2024, this measure was not given assent.

Canada’s Minister of Finance, Dominic Leblanc, announced on January 31, 2025 that the government was deferring to January 1, 2026 the date on which the capital gains inclusion rate would increase in certain circumstances from 50% to 66.66%.

Quebec’s Minister of Finance, Éric Girard, subsequently announced that Quebec would harmonize with the measure announced by the federal government.

Few tax issues have generated as much discussion only to fizzle out in the end. Indeed, following the election of Mark Carney’s Liberal government, the proposed measure was not adopted. The Quebec government also abandoned it.

If you would like more information on the proposed measure, please consult the bulletin we wrote on the subject titled Capital gain inclusion rate in May 2024 on our website.

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