Capital gains taxes

Impact of new capital gains taxes on PMS investments of UHNI investors

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Impact of new capital gains taxes on PMS investments of UHNI investors

The Union Budget for 2024-25 increased the short-term capital gains (STCG) tax rate from 15% to 20% and the long-term capital gains (LTCG) tax rate from 10% to 12.5%. This widening of the tax gap from 5% to 7.5% has sparked considerable discussion about the challenges it poses for PMS strategies, especially those with high … Read more

Capital gains changes set to be introduced Monday. Here’s what to expect – National

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Capital gains changes set to be introduced Monday. Here’s what to expect – National

The Liberal government is set to introduce proposed changes to capital gains taxes in Canada. Finance Minister and Deputy Prime Minister Chrystia Freeland announced on Sunday that the long-awaited changes, which were originally part of the 2024 federal budget, would be coming Monday. The proposal, which has spurred a wave of controversy since the announcement, … Read more