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Impact of New Capital Gain Tax in the 2024-2025 Federal Budget
Welcome to our latest episode, where we dive into the 2024-2025 Federal Budget and explore the impact of a significant change that could affect the housing market and investments. This year, the government has proposed an increase in the inclusion rate for capital gains, a move that could have ripple effects across the economy.
In this video, I focus on the new capital gain tax, discussing the changes, who it impacts, and when it takes effect. More importantly, I share my three predictions about what this change could mean for the housing market, the construction industry, and inflation.
Here's what you can expect from this video:
A breakdown of the new inclusion rate for capital gains, explaining how it affects individuals, corporations, and trusts.
Predictions about the potential supply problem in the resale market and the demand problem in pre-construction.
Insights into the possible long-term effects on the housing market and the overall economy, including the risk of rising inflation.
These changes could be a game-changer for property owners and investors, so it's crucial to understand what's happening. Whether you're considering selling a property, planning an investment, or just curious about the future of housing, this video is for you.
Join the conversation!
What do you think about the new capital gain tax? Good or bad?
Will the inclusion rate go back to 50% soon?
Are you planning to sell your property before the new rules take effect? If so, do you think you can close the transaction before June 25, 2024?
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