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Stock impact report

Advisors rush to revamp tax strategies after Ottawa's surprise change to the capital gains inclusion rate [Globe and Mail, The (Toronto, Canada)]

Raymond James Financial, Inc. (RJF) 
Last raymond james financial, inc. earnings: 4/29 04:35 pm Check Earnings Report
US:NYSE Investor Relations: raymondjames.com/investor-relations
investment industry news and insights, the week's top headlines, and what you and your clients need to know. For more from Globe Advisor, visit our homepage Advisors have less than 10 weeks to help thousands of Canadians navigate major financial decisions triggered by a pending hike in the capital gains inclusion rate announced in this week's federal budget. The Liberal government announced that, as of June 25, corporations and trusts will pay income on 66.67 per cent of their capital gains annually, up from 50 per cent. The same increase applies to individuals but only on more than $250,000 in capital gains each year. The surprise changes, dropped at the height of the tax-filing season, are forcing advisors to manage a new onslaught of client queries as they, too, try to sort through the complexities behind the new rules. “The tax community is just starting to put their minds to these changes and how they will affect individuals and business owners in both the short and long Show less Read more
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