Half of small businesses to be negatively impacted by hike in capital gains inclusion rate: CFIB
By CFIB
June 27, 2024
Half of Canada’s small business owners will be hit by the new 66.7 per cent inclusion rate hike coming into effect on June 25, warns the Canadian Federation of Independent Business (CFIB).
Despite the government’s claim that the rate would affect only a tiny share of the wealthiest Canadians, over half (55 per cent) of small business owners say it will affect the eventual sale of their business, 45 per cent say it will affect the investments they hold privately, and 41 per cent say it will affect investments held within their incorporated businesses.
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