Looking Ahead: Preparing Your Business for Canada’s 2025 Capital gains & Entrepreneur Tax Changes
By your friendly and mildly stressed Canadian bookkeeper with a calculator in one hand and a Tim Horton’s coffee in the other Well, folks, grab your receipts and your emergency maple syrup stash, because tax changes are coming – and they’re about as subtle as a moose in a canoe. If you’ve been pretending not to read the news (no judgment, I do the same when my hockey team loses), let me fill you in: Canada’s 2025 capital gains and entrepreneur tax updates are rolling in like a snowstorm in April – unexpected, inconvenient, and guaranteed to make everyone say, “Wait, what now?” So, let’s talk about what’s changing, what it means for your business, and how to prepare without completely losing your marbles (or your margin). Capital Gains: Now 66.67% More “Fun” Let’s start with the big headline: The capital gains inclusion rate is going up. Yes, you read that right. Starting in 2025, 2/3 of your capital gains will now be taxable, up from the current 50%. That’s right. It...