What you need to know about the capital gains tax changes in 2025
Background
The 2024 federal budget announced that the capital gains inclusion rate (how much of capital gains is taxed) would increase. Capital gains up to $250,000 would remain the same, with 50% of those gains taxed, while anything over and above $250,000 would face an increase, resulting in 66.67% of the gains taxed.
Current status
The government announced on January 31, 2025 that they will be deferring the capital gains rate increase until January 1, 2026. That means that the capital gains tax remains the same (at 50%) for tax year 2024.
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