2024 Federal Budget Analysis

IOn April 16, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, presented Canada’s 2024 federal budget, which contains several measures of interest to IG Wealth Management and its clients.  To help understand what these measures may mean to you, IG has created highlights and a detailed summary of these budgetary proposals. 

Measures for Individuals

1. Capital gains inclusion rate

2. Alternative Minimum Tax (AMT)

3. Home Buyers’ Plan

4. Employee ownership trusts (EOTs)

5. Disability Supports Deduction

Measures for Businesses

1. Lifetime Capital Gains Exemption

2. Canadian Entrepreneurs’ Incentive

3. Accelerated Capital Cost Allowance

4. Canada Carbon Rebate for Small Businesses

To help you better understand these measures, IG has created highlights of the most relevant budget proposals.

Click on the button below to read the full summary of the 2024 federal budget, or click here to review the highlights.

After reading the highlights, if you have any questions as to how the latest federal budget measures might impact your financial plan, please give us a call or email our team at chimuk.landry@igpwm.ca.