If you own a secondary home in Canada, the new capital gains rules will affect you. Whether it's a cottage or an investment property, here's what you need to know:
Starting June 25th, if you sell a property under your personal name, the capital gains inclusion rate remains at 50% for the first $250k of profit. Any profit above that will be taxed at a higher 66.7% rate.
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23 май 2024
