Canada’s Controversial Capital Gains Tax Change [Video]

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*NOTE* – The video indicates the government’s forecasted budget deficit for 2024-2024 is $38.4B. In fact this figure was updated in the budget to $39.8B. Apologies for the error.

Loonie Doctor’s Tax Harvesting Tool: https://www.looniedoctor.ca/personal-taxable-account-capital-gains-harvest-simulator/

Canada’s Budget: https://budget.canada.ca/2024/home-accueil-en.html

Canada’s federal government recently announced some controversial changes to how capital gains are taxed. Let’s go over the changes and discuss whether or not the online backlash is warranted.

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This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin does not provide recommendations on The Plain Bagel – those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers