In April we explained the proposed changes to the capital gains inclusion rate and how that might (or might not) impact you.

Well, after a bitter and public battle, the government has officially announced it is postponing these changes. The inclusion rate remains 50% through 2024 and 2025.

The CRA guidance on 2024 Schedule 3 and the inclusion rate explains how to report your gains. NETFILE is scheduled to open in a few weeks and there's a very good chance CRA and certified-software wont' immediately be ready for this change. We're heads' down until then!