How will the Canadian 2024 Federal Budget and Capital Gains Tax Increase affect you?

In this episode, we dive into the Federal Budget 2024's significant changes, particularly the increase in the capital gains tax. With expert insights, we unravel how these adjustments could impact Canadian investors, entrepreneurs, and property owners.

Prepare for a clear breakdown of what this means for your financial strategy and investment portfolio.

Tune into this insightful episode to arm yourself with the knowledge and strategies you need to optimize your financial plans.


▶️ Federal Budget 2024: Capital Gains Tax Increase


Key Points:
00:00 Introduction
04:30 Changes in the capital gains tax structure.
09:04 The impact these changes will have on different types of investors.
13:35 How to navigate the new tax landscape.
18:02 Predictions and economic forecasts related to the budget changes.
22:25 Importance of proactive financial management and consultation.
25:57 Changes in capital gains tax will likely affect various sectors.
30:09 Significant challenges due to the capital gains tax increase.
34:27 The tax changes may encourage asset hoarding to avoid high taxes.
38:23 Professionals who utilize corporate structures for tax benefits.
42:35 Strategies for mitigating the impact of capital gains tax changes.
45:32 Proactive planning and building a strong advisory team.
49:14 How changes in capital gains tax might affect the broader economy.

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