Capital Gains Tax

If I read you correctly, you are concerned about the increase to the Capital Gains Tax on the sale of stocks outside of sheltered accounts. Next year’s increase affects only CG above $250,000 – not proceeds of disposition but GAIN. So for the first $250K you’re still taxed only on 50% of it or $125K. For most people (me included) that means nothing changes. https://www.canada.ca/en/department-finance/news/2024/04/tax-fairness-for-every-generation.html If your corporate funds generate more CG then yes the portion above $250K is taxable at 2/3 rate. That is still a way better tax rate than what is applied to RRSP WDL, and possibly also better than dividend income. (You’d have to get an accountant to do the math there). SO I’d not change anything. Unless you have room in your TSFA in which case i’d top that up pronto. Cheers.

Thanks, but I didn’t think corporate had the 250k limit. I read it applied to all realized gain with no 250k exemption. I hope your are correct

Theres no capital gains realized if you hold onto the stock, it only applies when you sell for more than you purchased, I have retirement income dividend stocks, even though theyve gone up in price Im not cashing in so no capital gains to pay, you will pay tax on the dividends & have to report them & I think its around 27% If your stocks are doing good, think about releasing over time if you have to, some in Dec 2024 & some in Jan 2025 that way I assume youll stay under the $250k CAP

Just to clarify, the 250k applies to Corporate holdings as well, not personal.