The capital gains tax, explained

Video Description

When the federal government released their 2024 budget last week, they changed the capital gains tax for the first time in a quarter-century. The tax is set to bring in $19.3-billion dollars, and the government says it’ll only impact the wealthiest of Canadians. But many are disputing that. Salmaan Farooqui, a personal finance reporter with the Globe’s Report on Business, is on the show to tell us about the basics of capital gains and how this tax might affect Canadians. Read more: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-middle-class-canadians-could-be-hit-by-increases-to-capital-gains-tax/ Subscribe to The Globe and Mail's Morning Update to get stories directly in your inbox: https://www.theglobeandmail.com/newsletters/subscribe-morning-update/