With so much spending already announced, we were left wondering what the feds would actually end up unveiling at this year’s budget meeting.
The answer? A new tax to pay for all those plans, obviously.
What happened: The federal government unveiled its
2024-25 budget yesterday. The biggest news to come out of it was an increase in the capital gains tax inclusion rate. Starting June 25, gains over $250,000 will be taxed at a two-thirds rate, up from one-half.