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Tax Updates For 2024 Canada

Tax Updates For 2024 Canada. In budget 2024, the federal government announced changes to capital gains taxation to make canada’s tax system fairer. The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase).


Tax Updates For 2024 Canada

Several major tax proposals were announced. These explanatory notes describe proposed amendments to the income tax act and income tax regulations.

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