• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Us & Canada

Federal government may reverse course on capital gains by delaying increase

January 30, 2025
in Us & Canada
Reading Time: 2 mins read
A A
0
Federal government may reverse course on capital gains by delaying increase
6
SHARES
12
VIEWS
Share on FacebookShare on Twitter


The federal government is likely to reverse course on changes to the capital gains tax that were announced in the last federal budget, CBC News has learned. 

The Liberal government could delay implementing those changes, according to a high-level source.  

The exact plan hasn’t been finalized, but a key option on the table includes the government ordering the Canada Revenue Agency (CRA) to stop collecting the new taxes for now.

Delaying collection would likely push any final decision about the changes until after the next federal election, which could effectively kill the tax increase.

WATCH | Who’s telling the truth about the capital gains tax?

Who’s telling the truth about the capital gains tax? | About That

Canada’s capital gains tax increase comes into effect on June 25. Andrew Chang breaks down some misleading claims about the changes coming from both sides of the political aisle and explains who is likely to pay the new tax, how much and how often. Does it really just hit the ultra-rich?

The CRA had been collecting the increased tax rate already, as if it had taken effect, even though the relevant legislation had not been passed and was functionally dead after Prime Minister Justin Trudeau prorogued Parliament.

The 2024 budget had proposed increasing taxes on capital gains above $250,000 for individuals, changing what is called the “inclusion rate” from one-half to two-thirds for them.

All capital gains for corporations and trusts would have increased to two-thirds as well under the proposals.

The changes were unpopular with business groups, including many in the technology and medical sectors. 



Source link

Previous Post

Jewish women braid challah and hair to celebrate release of hostage Agam Berger

Next Post

Apple Forecast Cheers Investors After Mixed Holiday Results

Related Posts

Santa Ana creates emergency fund for families harmed by ICE raids

Santa Ana creates emergency fund for families harmed by ICE raids

July 3, 2025
5
Suffering in silence no more: How peer support helps people with chronic pain

Suffering in silence no more: How peer support helps people with chronic pain

July 3, 2025
7
Next Post

Apple Forecast Cheers Investors After Mixed Holiday Results

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Activist Darya Kozyreva, who was found guilty of repeatedly discrediting the Russian armed forces in the course of Russia-Ukraine military conflict and arrested in the courtroom, is forced into a police car in Saint Petersburg, Russia, April 18, 2025

Jailed Russian dissidents call for mass prisoner release as part of a peace deal with Ukraine

July 3, 2025
How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

July 3, 2025
Trump’s Vietnam deal shows China tariffs won’t fall much further

Trump’s Vietnam deal shows China tariffs won’t fall much further todayheadline

July 3, 2025

Chesnara announces £140 million rights issue, publishes prospectus todayheadline

July 3, 2025

Recent News

Activist Darya Kozyreva, who was found guilty of repeatedly discrediting the Russian armed forces in the course of Russia-Ukraine military conflict and arrested in the courtroom, is forced into a police car in Saint Petersburg, Russia, April 18, 2025

Jailed Russian dissidents call for mass prisoner release as part of a peace deal with Ukraine

July 3, 2025
4
How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

July 3, 2025
4
Trump’s Vietnam deal shows China tariffs won’t fall much further

Trump’s Vietnam deal shows China tariffs won’t fall much further todayheadline

July 3, 2025
4

Chesnara announces £140 million rights issue, publishes prospectus todayheadline

July 3, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Activist Darya Kozyreva, who was found guilty of repeatedly discrediting the Russian armed forces in the course of Russia-Ukraine military conflict and arrested in the courtroom, is forced into a police car in Saint Petersburg, Russia, April 18, 2025

Jailed Russian dissidents call for mass prisoner release as part of a peace deal with Ukraine

July 3, 2025
How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

How to watch INDYCAR Mid-Ohio: Schedule, date, time, TV channels, streaming for Honda Indy 200

July 3, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co