(Ottawa) Federal Finance Minister Chrystia Freeland has indicated that the Liberal government will table a bill aimed at increasing the capital gains inclusion rate before parliamentary adjournment for the summer period.
The federal budget presented in April proposes to make two-thirds of capital gains taxable.
Currently, only half of the profits made on the sale of assets are taxed.
The higher inclusion rate will apply to all capital gains realized by corporations, while individuals will only face the higher inclusion rate on capital gains above $250,000.
Last month, the finance minister introduced legislation to implement the federal budget, but left out capital gains changes.
The changes are expected to come into effect on June 25.