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September 9, 2024
2024-1653

Americas Tax Roundup | 9 September 2024

 
 

A weekly summary of the top weekly tax news, trends
and developments in the Americas

 
 
      
 

     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.
  
 
 

     This week's newsletters

  
 
 

     Upcoming EY webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

      This week's EY Global Tax Alerts

     Americas

     Africa

     Asia

     Europe

     Middle East

     Oceania

  
 
 

      This week's EY publications

     Banking & Capital Markets

     Oil & Gas

     Power and Utilities

     Legislation

  
 
 
 

Additional resources

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Comments. If you have any questions or suggestions about this newsletter, please email Global Tax News Update Help at: globaltaxnewsupdatehelp@ey.com.

 
 
 
 

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.