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| A weekly summary of the top weekly tax news, trends and developments in the Americas | |
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| This week's tax news from the Americas - Canada Department of Finance releases revised legislative details to implement changes to increase capital gains inclusion rate
Canada’s Department of Finance released several packages of draft legislative proposals for public comment on 12 August 2024, including the much-anticipated revised draft legislative proposals to implement changes to increase the capital gains inclusion rate (the August proposals). The government announced in the notice of ways and means motion (NWMM) and two accompanying backgrounders issued on 10 June 2024 (the June proposals) that further technical or consequential changes would be introduced this summer, but those changes would not materially affect the design of, or introduce new features to, the measures in the NWMM. Although the August proposals are generally consistent with this statement, taxpayers should nonetheless be aware that certain changes included in the August proposals could impact the tax consequences of recognizing capital gains in certain circumstances.
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| Upcoming EY webcasts A calendar of all upcoming EY webcasts is available. | | |
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| This week's EY Global Tax Alerts Americas Africa Asia Europe Middle East Oceania | | |
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| This week's EY publications Banking & Capital Markets Oil & Gas Power and Utilities Legislation | | |
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| About Americas Tax Roundup Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C. Jennifer Brittenham, writer and editor Distributed weekly to all Americas Tax personnel. | |
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