Capital Gains Taxes Impact Retirement Funds of Middle Income Entrepreneurs

CARP members are reacting to the recent 2024 federal budget announcement regarding higher capital gains taxes, effective June 25.
The capital gains tax is the tax individuals pay when selling an asset or capital property. Capital gains are the profits from that sale. Common types of capital properties include cottages, securities (such as stocks, bonds and units of a mutual fund trust), land, buildings and equipment you use in a business or a rental operation, according to the Canada Revenue Age