Defending Your Assets Against a Capital Gains Inclusion Rate Increase
WRITTEN BY ZACH SCHENKER & GREG PEACOCK
Canadian investors are eagerly awaiting the release of the 2021-2022 federal budget. Since the onset of the COVID-19 pandemic, the Canadian government has committed to nearly unprecedented stimulus in order to keep the economy afloat while supporting lockdown initiatives. This strategy will result in the largest single-year budgetary deficit since Canada began keeping track in 1966-67: $381.6 billion. For context, the 2019 federal deficit was $21.7 billion and the pre-pandemic projection for 2020-21 was $34.4 billion.