Capital Gains Tax Rate 2024 Home Sale 2024. The 2024 federal budget proposes to increase the capital gains tax inclusion rate to 66.67%. Less tax for longer ownership.
There will be only two holding periods for the purpose of ascertaining nature of capital gains i.e. If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file.