| 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.
| Department of Finance Canada | backgrounders
In Budget 2024, the federal government announced changes to capital gains taxation to make Canada’s tax system fairer.
| Department of Finance Canada | backgrounders
To start and scale-up a business, entrepreneurs need access to capital. In the early growth stages, accessing the necessary capital to make investments in their workforce, cutting-edge technologies, and new offices, labs, or manufacturing facilities can be difficult. While some entrepreneurs rely on venture capital or loans, the government recognizes funding is not available to all entrepreneurs, and even when available, may not be sufficient.
| Department of Finance Canada | backgrounders
Budget 2024 lays out a bold strategy to unlock 3.87 million new homes by 2031. This includes a minimum of 2 million net new homes, on top of 1.87 million homes already expected to be built by 2031. Federal actions will support at least 1.2 million new homes, and the federal government is calling on all orders of government to build at least 800,000 more homes by 2031. The federal government’s plan provides incentives for all orders of government, as well as for private and non-profit sector partners, and will build more homes, make it easier to own or rent a home, and help Canadians who can’t afford a home, too.
| Department of Finance Canada | backgrounders
Budget 2024 takes action to ensure Canada’s social safety net works for every generation, especially for Millennials and Gen Z.
| Department of Finance Canada | backgrounders
In Budget 2024, the government is helping to restore fairness for every generation by unlocking access to post-secondary education; investing in the skills of tomorrow; and creating new opportunities for younger Canadians to get the skills they need to get good jobs.
| Department of Finance Canada | backgrounders
The government’s economic plan is investing in the technologies, incentives, and supports critical for increasing productivity, boosting innovation, and attracting more private investment to Canada.
| Department of Finance Canada | backgrounders
Budget 2024 takes action to protect our environment and strengthen our communities, making them safer and healthier places to live, work, and raise a family.
| Department of Finance Canada | backgrounders
A fair Canada is one where the government continues making meaningful progress in the journey of reconciliation by working in partnership with Indigenous Peoples. The federal government continues to prioritize its responsibility to help ensure First Nations, Inuit, and Métis communities have what they need to grow and succeed on their own terms. Budget 2024 invests in the next steps on the path of reconciliation.
| Department of Finance Canada | backgrounders
Small- and medium-sized businesses are an integral engine of Canada’s economy, and they employ about 64 per cent of Canadian workers. Entrepreneurs, local small business, start-ups, growing medium-sized businesses—everywhere in Canada, there are people with good ideas, ready to grow their businesses and create good jobs.
