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Podcast: The Wealthy Entrepreneur
Episode: Strategic Insights: Adapting to the 2024 Federal Budget Changes
Description: Join our host Bob as he discusses the 2024 Canadian federal budget's impact on entrepreneurs, focusing on the new 67% capital gains tax inclusion rate. He explains how this change affects personal and business tax rates and shares tips on managing capital gains taxes, including the new $250,000 exemption and capital gains reserves. Learn how to avoid the increased tax burden with strategic planning before the June 25, 2024, deadline. Bob also highlights other incentives in the budget, like the increased lifetime capital gains exemption and the employee ownership trust tax exemption, aimed at supporting small business owners. Tune in...