Navigating the New Capital Gains Inclusion Rate: What Real Estate Investors Need to Know

The Canadian government recently announced changes to the capital gains inclusion rate, a significant shift that was first introduced in the 2024 budget. Now that the motions have been tabled to pass this change into legislation, it’s crucial for real estate investors to understand the implications of this update.

In this video, I dive into the significant changes to the capital gain inclusion rates announced in the Federal Budget 2024. We cover the effects on investment property owners and stock market investors, strategies for deferring and calculating capital gains, and the implications of these new rules on real estate investors.

Key Moments In This Episode
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00:00 - Introduction to New Changes
02:15 - Impact on Investors
04:37 - Carrying Forward Capital Losses
07:03 - Calculating Offsets
09:37 - Simplified Calculation Post-June 25th
11:53 - Deferral Implications
14:07 - Timing of Capital Gains
16:20 - Restrictions on Tax Planning
18:28 - Sale Requirement for Gain Recognition
20:32 - Elimination of Tax Exemption Pre-Sale
22:36 - Effects on Real Estate Investors

If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!

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Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].

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⭐Cherry’s Best Real Estate Tax Tips ⭐

➡️The Little Known Reason WHY Canadian Property Prices Are Going Up: https://youtu.be/2zfkoLRa0fo
➡️How to Prevent a CRA Audit: https://youtu.be/BqZs1QQiEp8
➡️Leaving Canada for U.S. Real Estate: https://youtu.be/1shCjBm-kRs
➡️How to Write-off Automobile Expenses as Employees: https://youtu.be/raMP02SYYyo
➡️Unfair 2024 Federal Budget Coming: https://youtu.be/06lpBnyeiPQ
➡️8 Essential Tax Tips for Real Estate Investors: https://youtu.be/mBn-qHzK0Jo

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
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