The recent changes to the capital gains inclusion rate in the Federal Budget will hit some people hard. There is a short time window to get up to speed and advise clients. Normally CPAs look to relax a bit in May and then it is a sprint to June 30 for corporate tax returns. This year it is going to be an all out dash as every significant client will want a consultation.
Join us for this focused, 90-minute session where we will discuss:
- Understanding the full impact of the shift from a 1/2 to 2/3 inclusion rate for capital gains
- Strategic considerations for realizing gains before the June 25, 2024 deadline
- The impact on estate planning and the new AMT rules
- Adjustments to capital dividend accounts and refundable taxes in corporate settings
- Planning ideas to minimize the impact of the change
- Other budget changes
Please note that this session will focus on tax implications rather than delve into broader economic or policy impacts, which are beyond the scope.