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WENDY MCLEOD
CIPS CERTIFIED INTERNATIONAL PROPERTY SPECIALIST
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NEW CAPITAL GAINS TAX INCREASE

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NEW CAPITAL GAINS TAX INCREASE

The current rules require that one-half of capital gains be included in income for taxation purposes. As of June 25, while that inclusion rate remains in place for gains of up to $250,000 realized on the sale of assets during a year in total, two-thirds of gains beyond that level will become taxable.

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