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What Impact will the Accepted Promises To Purchase Have on Curent Real Estate Transactions?

French Video

The 2024 budget introduces major tax reforms to finance increased spending. Among these, the increase in the inclusion rate for capital gains tax stands out, primarily targeting wealthy individuals and large corporations. This measure is expected to generate $19.4 billion over five years. What is the impact on current real estate transactions? Is this the right time for these increases, when productivity in Canada is stagnating?


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