William J. Fowlis

May 9, 2024 | mondaq.com | William J. Fowlis |Andrew Bateman

Since 2000, the capital gains inclusion rate under the Income Tax Act (the "Tax Act") has been one-half of the applicable capital gain. As a consequence, capital gains during this period of time have generally been subject to tax at 50% of the tax rate applicable to regular income.

May 1, 2024 | lexology.com | William J. Fowlis |Andrew Bateman

Since 2000, the capital gains inclusion rate under the Income Tax Act (the “Tax Act”) has been one-half of the applicable capital gain. As a consequence, capital gains during this period of time have generally been subject to tax at 50% of the tax rate applicable to regular income.