Canada Capital Gains Tax Rate 2024. Effective june 25th, 2024, amendments to the income tax act will change how capital gains are taxed in canada. The capital gains tax in canada refers to the tax applied to the profit (or gain) realized from the sale of a capital asset.
You generally have a capital gain or loss whenever you sell, or are considered to have sold, capital. The new rate applies to net capital gains exceeding $250,000.