12 min
2024 Federal Budget: Capital Gains Tax increase for business owners. Mike Check 1,2,1,2
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- Business
2024 Federal Budget: Capital Gains Tax increase for business owners.
The 2024 Federal Budget proposes to increase Capital Gains Tax for business owners from 50% to 66% (2/3). In this video, I provide examples of how much these additional taxes may be for you and provide solutions to pay for this tax bill.
0:00 Introduction
0:39 Example
4:55 Solution
Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
Anchor: https://anchor.fm/michael-dutra
www.dutrawealth.com
https://www.linkedin.com/in/michaeldutra
#federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.
2024 Federal Budget: Capital Gains Tax increase for business owners.
The 2024 Federal Budget proposes to increase Capital Gains Tax for business owners from 50% to 66% (2/3). In this video, I provide examples of how much these additional taxes may be for you and provide solutions to pay for this tax bill.
0:00 Introduction
0:39 Example
4:55 Solution
Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o
Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798
Anchor: https://anchor.fm/michael-dutra
www.dutrawealth.com
https://www.linkedin.com/in/michaeldutra
#federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.
12 min