The 2024 Federal Budget has introduced crucial adjustments to capital gain taxes and other related financial measures.
If you're like me and deeply involved in property investments, particularly those held through corporations for that extra layer of legal protection, you'll want to understand how these new tax rules are going to affect us.
Ensure you watch the entire video to not miss out on critical insights and tips! And do share this video with your fellow investors on anyone with real estate investments to help spread the word about these changes.
Key Moments In This Episode
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00:00 - Introduction
01:55 - New Rates for Property Sales
03:49 - Tax Calculation by Ownership Structure
05:50 - Higher Tax Liabilities Explained
07:50 - NDP's Position on Capital Gains
09:36 - Increase in Home Buyer Plan
11:28 - Accelerated Capital Cost Allowance
13:15 - Critique on Accelerated CCA


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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DISCLAIMER:

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