The Liberal government has drawn ire and generated many questions about its increase to the capital gains inclusion rate
Prime Minister Justin Trudeau and former finance minister Chrystia Freeland in April presenting the federal budget, which proposed an increase to the capital gains inclusion rate.For years, an increase to the capital gains inclusion rate was the source of pre-budget speculation and hand-wringing. This year, the Liberal government surprised almost everyone by actually raising it.
Add in some bare trust intrigue, increased audit power and tax-bill surprises courtesy of guaranteed investment certificates, and it was a dramatic year in tax reporting. Here are the highlights:
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