It depends on whether it's above or below the lifetime capital gains exemption or the inclusion rate of 50% for the first $250,000. One would have to look at the specifics of that situation.
On June 17th, 2024. See this statement in context.
On June 17th, 2024. See this statement in context.
Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
It depends on whether it's above or below the lifetime capital gains exemption or the inclusion rate of 50% for the first $250,000. One would have to look at the specifics of that situation.
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