Tag: Tax news
BC’s Employee Share Ownership Program (ESOP)
What is it? The British Columbia Employee Share Ownership Program (ESOP) is an initiative designed to foster a collaborative work environment where employees have a vested interest in their company’s success. The program offers a significant incentive in the form of a 20% tax credit for employees, making it an […]
Crash Course in Navigating Changes to Capital Gains Taxation
Tax experts of Horizon CPAs discuss the changes to capital gains taxation in the 2024 Federal Budget with a focus on their implications in British Columbia. Experts clarified the new tax rules, the concept of crystallization, and strategies to minimize tax liability, emphasizing the importance of careful planning and consulting […]
Budget 2024 – Capital Gains Tax and LCGE
The Canadian Federal Government’s 2024 Budget has introduced a significant proposed change to the way capital gains are included in taxable income from June 25, 2024, onwards. Proposed Change in Inclusion Rate Proposed Change in Lifetime Capital Gains Exemption Effective Date How this May Affect You More Information
