Capital Gain Tax Rate 2024 In Canada. On june 10, 2024, the ministry of finance announced amendments to the income tax act to increase the capital gains inclusion rate effective june 25, 2024. As a result of the increase in the inclusion rate for capital gains realized on or after 25 june 2024 and the increased lifetime limit, the effective maximum lifetime.

As of january 1, 2024, the maximum lifetime deduction is $508,418 (i.e., $1,016,836 x the current ½ inclusion rate). The 2024 federal budget introduces a significant adjustment to the capital gains tax structure in canada.