Quebec stays the course on capital gains tax, despite uncertainty in Ottawa [Video]

For Quebec Finance Minister Eric Girard, it’s a done deal. The inclusion rate for capital gains in excess of $250,000 was increased in Quebec on June 25, even though the future of the tax measure seems uncertain at the federal level.

“The measure is in effect and will remain in effect until such time as a new government (at the federal level) expresses the wish that it no longer be in effect,” said Girard at noon on Thursday, during a speech at the unveiling of the Bilan de la fiscalité au Québec (Report on Taxation in Quebec), produced by the Chaire de recherche en fiscalité et en finances publiques (Research Chair in Taxation and Public Finance) at Sherbrooke University.

In its spring budget, the Trudeau government announced an increase in the capital gains inclusion rate from 50 to 66 per cent, starting at the $250,000 threshold on June 25, 2024. …