Clients and friends,
In light of the recent re-election of the Liberal minority government, three major potential tax changes have emerged:
- The rumoured tax hikes for those with a higher net worth,
- Changes to the capital gains inclusion rate, and
- Plans to address wealth inequality.
Everyone is unsure as to exactly what’s going to happen, but here’s a related article if you’re interested in understanding the possibilities of what’s to come. In our next touchpoint, we’ll highlight some more specific personal tax and finance changes to expect post-election.
As always, if you have related questions or just want to bounce ideas around, please let us know. It’s what we’re here for.