Ottawa pushes back proposed capital gains tax changes to 2026 – National [Video]

The federal government is delaying plans to raise the inclusion rate on capital gains, offering a degree of clarity on the legislation stuck in limbo that was causing some confusion for the upcoming tax season.

Finance Minister Dominic LeBlanc announced Friday that the Liberals will not implement a planned hike to the capital gains inclusion rate until Jan. 1, 2026, pushing back the original date of June 25, 2024.

The Liberals had initially introduced the proposed changes to capital gains taxes in the 2024 federal budget this past spring.

Capital gains are proceeds from the sale of an asset, like a stock or property. The Liberals had pitched to raise the inclusion rate or the taxable portion of capital gains sold in a year to 66.7 per cent, up from 50 per cent.

The changes would apply to all gains realized by businesses and many trusts, as well as any capital …