beyond MD with Dr. Yatin Chadha

How Will a Higher Capital Gains Inclusion Rate Impact Canadian Professionals? with Ali Spinner, FCA, FCPA, TEP

April 20, 2024 Season 1 Episode 69
How Will a Higher Capital Gains Inclusion Rate Impact Canadian Professionals? with Ali Spinner, FCA, FCPA, TEP
beyond MD with Dr. Yatin Chadha
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beyond MD with Dr. Yatin Chadha
How Will a Higher Capital Gains Inclusion Rate Impact Canadian Professionals? with Ali Spinner, FCA, FCPA, TEP
Apr 20, 2024 Season 1 Episode 69

I'm thrilled to host Ali Spinner, one of Canada's most trusted voices in tax, on the implications of the proposed hike in the capital gains inclusion rate.

Discussion Points:
- Tax 101 & What happened to the capital gains inclusion rate (0:55)
- Numerical example with 100K capital gains (5:51)
- Has tax integration been violated? Where should we hold certain assets like rental properties? (6:25)
- Is it still worthwhile incorporating? (13:30)
- A brief history of the capital gains inclusion rate (16:48)
- What can investors do?:
a) absolutely nothing (19:05)
b) selling assets and impact of Alternative Minimum Tax/AMT & GAAR/General anti-avoidance rules (21:07)
c) tax planning through insurance and pension plans (29:10)
d) departure tax for those considering leaving Canada (32:05)
- Change in Lifetime capital gains exemption/ LCGE, capital gains exemption for entrepreneurs (34:10)

Yatin's Links:

Ali Spinner:
Alexandra.spinner@crowesoberman.com

Show Notes

I'm thrilled to host Ali Spinner, one of Canada's most trusted voices in tax, on the implications of the proposed hike in the capital gains inclusion rate.

Discussion Points:
- Tax 101 & What happened to the capital gains inclusion rate (0:55)
- Numerical example with 100K capital gains (5:51)
- Has tax integration been violated? Where should we hold certain assets like rental properties? (6:25)
- Is it still worthwhile incorporating? (13:30)
- A brief history of the capital gains inclusion rate (16:48)
- What can investors do?:
a) absolutely nothing (19:05)
b) selling assets and impact of Alternative Minimum Tax/AMT & GAAR/General anti-avoidance rules (21:07)
c) tax planning through insurance and pension plans (29:10)
d) departure tax for those considering leaving Canada (32:05)
- Change in Lifetime capital gains exemption/ LCGE, capital gains exemption for entrepreneurs (34:10)

Yatin's Links:

Ali Spinner:
Alexandra.spinner@crowesoberman.com