The latest Federal budget proposed a higher capital gains inclusion rate for capital gains of 66.67%. This would apply to all capital gains for corporations, and to capital gains above $250,000 for individuals. This is supposed to be applied from June 28, 2024. Many people have asked for its implementation in the app already, and the app applies it for all of 2024 (since April 19, 2024 when we implemented it).

The TIME MACHINE has mostly a one-year resolution.  Do not use the app for last-minute tax planning, you should use a tax advisor for that. We will roll back this change if the proposal does not pass although it seems likely to pass. We will be implementing other tax changes announced in the latest federal and provincial budgets in the next few weeks, so you may see slight differences in tax calculations.