Sentences with phrase «proposal on capital gains tax»

Not exact matches

Last year's budget included a proposal to provide an income tax exemption on capital gains of donated private corporation shares or real estate, beginning in 2017.

The federal budget on March 21 included a proposal to put an end to investment funds that «seek to reduce tax by converting, through the use of derivative contracts, the returns on an investment that would have the character of ordinary income to capital gains.»

Criticism of Ottawa's small business tax changes died down after the government eliminated its proposal to tax capital gains at a higher rate, and introduced a $ 50,000 threshold on passive investments.

NAR will focus on capital gains tax proposals and legislation expanding homeownership, including a first - time homebuyer incentive using individual retirement accounts (IRAs) and a revision of the current law rollover and $ 125,000 capital gains exclusion rules for existing homeowners.

REALTORS ® in Washington state had a recent success with defeating proposals that would have created a 7 percent capital gains tax on investment property and hiked the state business and occupancy tax by 20 percent.

Under our proposal, this would be achieved by allowing property investors to defer the capital gains tax and the capital cost allowance recovery on the sale of an investment property when the funds are reinvested into another within a specified time period,» says the statement.