Please note that this page will be regularly updated with the latest information regarding the new capital gains rules. We encourage you to refer to this page for updates. By doing so, you may find answers to your questions without the need to contact our support team.
On January 30, 2025, the government of Canada has announced the deferral of the implementation of the new capital gains rules. Initially set to take effect on June 25, 2024, the changes have now been postponed to January 1, 2026.
The proposed changes include increasing the capital gains inclusion rate from one-half to two-thirds for individuals with annual capital gains above $250,000, and for all capital gains realized by corporations and most trusts.
Revenue Quebec has followed the CRA's lead and also postponed the application of the new rule to January 1, 2026.
For more details, you can read the full article on MoneySense and the official announcement on the Government of Canada website.
This late deferral in the tax season will unfortunately cause delays in implementing this reversal, affecting both the government and software sides.
Based on our current understanding, tax returns that do not include capital gains will remain unaffected in terms of filing time and content. We anticipate that it will be business as usual for the preparation and filing of these tax returns.
However, as we currently depend on the availability of the updated impacted forms, we do not yet know the impact or potential filing delays for returns that include capital gains. We are committed to providing information as soon as we receive it.