On April 16th, the Canadian federal government introduced proposals to increase the capital gains tax rate. Effective June 25, 2024, the federal and provincial capital gains tax rate increases approximately 10% from an average of 25% to an average of 35%. Corporations and Trusts see this rate increase on all capital gains realized on or after this […]

Overview On March 21, 2024, Newfoundland and Labrador’s government has presented its 2024-2025 budget “Transforming Our Health. Our Economy. Our Province.” This comprehensive summary highlights the key changes that will influence the Newfoundland and Labrador tax environment in the coming years. Personal Income Tax Measures There are no proposed changes to personal income tax rates […]

Overview On March 19, 2024, Saskatchewan’s government has presented its 2024-2025 budget “Classrooms, Care & Communities”. This comprehensive summary highlights the key changes that will influence Saskatchewan’s tax environment in the coming years. Personal Income Tax Measures There are no proposed changes to personal income tax rates for 2024. The income tax rates for the […]