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30 Year Mortgages for First-Time Buyers of New Builds

| Department of Finance Canada | backgrounders

In Budget 2024, the federal government announced it would amend mortgage rules to allow up to 30 year mortgages for first-time homebuyers purchasing new builds.


Capital Gains Inclusion Rate

| Department of Finance Canada | backgrounders

One half of a capital gain is currently included in computing a taxpayer's income. This is referred to as the capital gains inclusion rate. The current one-half inclusion rate also applies to capital losses.


Fair and Predictable Capital Gains Taxation

| Department of Finance Canada | backgrounders

In Budget 2024, the federal government announced changes to capital gains taxation to make Canada’s tax system fairer.


Government of Canada delivering tax fairness for every generation

| Department of Finance Canada | news releases

The government is committed to tax fairness for Canadians. Today, Canadians pay tax on the income from their job. But currently, they only pay taxes on 50 per cent of capital gains, which is the profit generally made when an asset, such as stocks or a rental property, is sold.


Weekly Update on the Government’s Economic Plan

| Department of Finance Canada | media advisories

The Deputy Prime Minister will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement, Jean-Yves Duclos, and the Minister of Housing, Infrastructure and Communities, Sean Fraser.


Budget 2024: Investing in public transit for growing communities

| Department of Finance Canada | news releases

Public transit gets Canadians to where they need to be, creates new Canadian manufacturing and construction jobs, reduces pollution and congestion, makes life more affordable, and keeps Canadians and communities connected as they grow. It’s only fair that Canadians have a fast and affordable way to get around—that’s why the federal government is investing in public transit infrastructure across the country.


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2017-05-26