Guelph Salvation Army raises more than $422K in 2024 Christmas Kettle campaign

Uncertainty about when and how the federal government’s proposed tax increases on capital gains will take effect was cleared up on Friday when Ottawa announced it was delaying the start of the multibillion-dollar plan until Jan. 1, 2026.The proposed increase to the proportion of capital gains – the profit realized when someone sells an asset like a property or a stock for a higher price than what they originally acquired it for – that are taxed was first unveiled in the April, 2024, federal budget and detailed in June. Currently, only half of capital gains is included in computing a...