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About the author: Zamil Hirani
Zamil is a Manager in the Canadian Tax group here at RLB. He has always had a passion for working with numbers, and accounting provides a way to use this passion to help people navigate complex and sometimes daunting tax and business issues. Zamil specializes in estate planning, corporate structuring, sale planning, and business valuations for private companies. Zamil holds a CPA and CBV designation and is a graduate of CPA Canada’s In-Depth Tax Program (2022). He earned both a Bachelor of Accounting & Financial Management and a Master of Accounting from the University of Waterloo. Zamil started his career in tax as a co-op with a Big 4 firm before pursuing the CBV designation while concurrently completing the CPA In-Depth program. He has experience as both a tax manager and a business valuations manager at various sized firms, but found the midsize of RLB to be the perfect fit.

Capital Gains Inclusion Rate – Where Are We Now?

Capital Gains Inclusion Rate – Where Are We Now?
May 14, 2025
| Taxes

As part of the 2024 Federal Budget the Government of Canada proposed to increase the capital gains inclusion rate (“CGIR”) from 50% to 66.67%, effective June 25, 2024. The CGIR determines the portion of a capital gain that is subject to tax in Canada. The proposed increase was expected to result in higher taxable income for many Canadians.

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