2024-04-17 15:19:17
Notice to owners of a chalet, a plex or a second home: the Legault government plans to follow the federal lead and increase the tax on capital gains, which would allow it to collect three billion over five years.
• Read also: 2024 federal budget: the rich will have to pay more
Faced with a historic hole in the state coffers, the Quebec Minister of Finance is currently analyzing the path taken by Ottawa to eliminate the deficit.
“Quebec has always been harmonized in terms of capital gains rules, this is for reasons of fiscal cohesion between the two regimes,” Eric Girard said on Wednesday. We will take the time to analyze this in the right way and I am not excluding anything.”
He promises to inform Quebecers of his decision by the end of the week. But already, the big financier of Quebec estimates the jackpot at “three billion $ over five years” for the public treasury.
Remember that the capital gain is the profit derived from the sale of a chalet, a plex, a second home or shares. Currently, Quebec taxpayers pay tax on half of the gains they make from the sale of property whose value has increased, with the exception of their principal residence.
The very recent federal budget provides that the capital gains tax will apply to 66% of the profit made for transactions over $250,000. This measure will come into force on June 25.
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