Long Term Capital Gains Tax Rate 2024 Canada. As of january 1, 2024, the maximum lifetime deduction is $508,418 (i.e., $1,016,836 x the current ½ inclusion rate). Gains arising from sale real property are taxed at a total rate of up to 39.63% (30.63% for national tax purposes and 9% local tax) depending.

In budget 2024, the federal government announced changes to capital gains taxation to make canada’s tax system fairer. As of june 25, 2024, however, you will be taxed on 50% of your annual capital gains up to $250,000.