Understanding the Impact of Capital Gains Tax Changes on Canadians

This chapter delves into the potential implications of proposed changes in the capital gains tax, discussing how high-income individuals would be affected and how tax-sheltered accounts like RRSPs and TFSAs can mitigate the impact. It explores the effects on middle-class Canadians owning properties or investment assets and delves into concerns regarding stock options in compensation packages, particularly in industries like tech. The chapter also addresses the implications on estate planning, retirement, and small business owners, discussing how the tax changes could affect beneficiaries and individuals planning for retirement or selling their businesses.