Impact of Canada 2024 Capital Gains Tax

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Haven't sold your asset before June 25, 2024? Here's how much more tax CRA wants from you.

Last update Oct 2024
  • Scenario 1: Under new 66.6% inclusion rate
  • Scenario 2: Under old rate
  • Which One Is Higher (%)

Based on the information you provided, here's the amount of your expected Capital Gains tax under the new 66.6% inclusion rate when you sell your asset, compared to what would be before June 25, 2024.

# Years from Now
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A =

This is how much you'll have to pay CRA (and Revenu Quebec if you're Quebecker) for every other dollar you make, on top of your current income. Google a "tax calculator" to find out.

B =
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Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

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How is Cash Value calculated?

The new 66.6% inclusion rate applies to the portion of capital gains that goes above $250,000. For the portion that's below this, the 50% inclusion rate still applies.

Calculations

(Expressions are evaluated at every year.)

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