The new capital gains tax regimeCollison, D
On 11 June, a draft law on CIT was released for public consultation. The draft law includes a proposal to drastically amend the Capital Gains Tax regime effective from 01 January 2026.
We're here to help you find the answers to your questions about the new tax legislation. Today: RMDs, capital gains and Social Security
0.1% of the total capital investment multiplied by the number of new full-time jobs 25% of the total capital investment $250,000,000 Applications for the tax credit must be submitted by March 1, 2029. The exact date for the opening of applications has not yet been announced and taxpayers...
Half of investors plan to invest differently in the future so that they can reduce their tax liability while 53% plan to create a wealth plan.
The downturn between 2017 to 2019 was firstly due to the natural real estate cycle and specifically because of an oversupply of high end apartments, a new federal tax bill that decreased interest deductibility and global trade wars. In 2020, Manhattan was hit hard by COVID-19. The COVID ...
It is believed many non-residents who don’t principally live in Canada, but claim they do, are evading paying tax on 25 per cent of their capital gains on home sales, Kurland says. These tax dodgers tend to be speculative Metro Vancouver investors who own or flip multiple ...
India and the UAE have a Double Tax Avoidance Agreement (DTAA) in place, which covers taxes like income tax, corporate tax (9% in the UAE), and wealth tax in India, updated in 2018 with a reduction in capital gains tax enhancing its appeal. What is the difference between ...
All of the foregoing may lead to a situation where the family finds they must maintain a vacant home for many years. Conversely, a properly drafted MAPT preserves the full capital gains tax exclusion on the sale of the primary residence and the home may be sold by the trust without obligati...
When you leave Canada, there's a "deemed disposition" of capital property.In other words, if you owned Canadian assets that have appreciated in value, you'll pay tax on those gains if and when you leave the country. This "deemed disposition" also may apply when a non-resident property ...