Canada Delays Capital Gains Tax Change to 2026 Amid Lawsuits, Political Uncertainty
Dominic LeBlanc, Canada's finance minister.
Photographer: Kamara Morozuk/BloombergThis article is for subscribers only.
Canada will defer the increase to the capital gains inclusion rate to January 2026 after the measure faced legal challenges and leading politicians disavowed it.
The government had proposed raising the inclusion rate to two-thirds from one-half in last year’s budget. The move increased the effective tax rate on capital gains for corporations and trusts, and for individual investors with gains above C$250,000 ($172,680).