Clients with significant capital gains in 2024 face uncertain tax exposure
A look at the status of major tax proposals from the Trudeau government
Trusts must disclose pre- and post-June 25 gains or face negative tax consequences
Funds can choose the option more favourable to fund holders — though detailed calculation comes with challenges
Advisors should speak to clients annually about crystallization
Clients may be able to use the $250,000 threshold over multiple years
June 25 is indeed the date that the hike will take place
Changes to capital gains inclusion rate, AMT require updated strategy
The government says that even if a bill has not yet passed, the change will take effect on June 25
Capital gains not flowed out to beneficiaries are "trapped" in the trust at death