Federal budget hikes tax on companies, individuals making more than $250,000 in capital gains [Globe and Mail, The (Toronto, Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Globe and Mail, The
The federal budget , released Tuesday, increases the inclusion rate on capital gains above $250,000 from one-half to two-thirds. That means individuals and businesses that make more than $250,000 in capital gains in a year will have to pay tax on two-thirds of that income. The change comes into effect on June 25. The move is expected to net the government $19.3-billion over the next five years – $8.8-billion from individuals and $10.5-billion from companies – in a bid to offset roughly $53-billion in new spending. It's by far the largest revenue measure in the budget and the first change to capital gains taxes in a quarter century. Finance Minister Chrystia Freeland described measures as an attempt to lean against “structural inequality” and raise funds from wealthy individuals that could be funneled towards middle class and younger Canadians. The government estimates that the changes will impact around 40,000 individuals and 307,000 companies. However, economists warn that new
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BNS
Earnings
- 2/27/24 - Beat
BNS
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- BNS's page on the SEC website