Canada’s Deputy Prime Minister and Minister of Finance, Chrystia Freeland, delivered Federal Budget 2024 (Budget 2024) on April 16, 2024.

Budget 2024 is geared towards assisting Canadians amid rising living expenses, addressing affordability concerns, and fostering national economic growth. Among the key tax measures, Budget 2024 increases the capital gains inclusion rate, which will affect high-net-worth individuals, corporations, and trusts.

Grant Thornton’s tax advisors provide a summary of key tax measures in Budget 2024, detailing areas of interest for you and your business – read it here.

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