Canada proposes to increase the capital gains inclusion rate from one half to two thirds for corporations and trusts, and from one half to two thirds on the portion of capital gains realized in the year that exceed $250,000 for individuals, for capital gains realized on or after June 25, 2024.
How can we split the calculation of the report for the two different periods
Period 1: January 1, 2024 - June 24, 2024 Period 2: June 25, 2024 - December 31, 2024
Canada has delayed inplementation of the increase in the capital gains inclusion rate to Jan 1 2026 so there will never be a need to split a capital gains report for a tax year. Both the prospective leader of the Libs and the current leader of the PCs have indicated a desire to scrap the proposed increase in the inclusion rate altogether so it may not even come into effect in 2026.