Many Canadian investors and businesses have shifted their thinking of how to handle their domestic equity interests in businesses and real estate.
The pivot is toward viewing those investments as longer-term holdings and less as being disposable positions that may be sold to get the capital needed to seize higher-value opportunities.
Investors are shifting their approach because in response to the federal government’s changes to Canadian capital gains tax rules, which went into effect June 25.
Individuals who generate more than $250,000 in capital gains in a tax year must now pay tax on 66 per cent of each dollar above that threshold. Previously, the federal capital gains tax
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