How Much Is Capital Gains Tax 2024 Canada. With the current federal and provincial/territorial tax rates in canada, no one pays more than 27% capital gains tax on gains of under $250,000. That exemption will remain and budget 2024 proposes expanding it to $1.25 million of eligible capital gains, up from just over $1 million currently.
The federal government has proposed an increase in the “inclusion rate” from 50% to 66.67% on capital gains above $250,000 for individuals. Currently, it’s calculated as 50% of your capital gains and added to your income, then taxed at your regular tax rate.
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