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Big 2024 Canadian Tax Changes: Save Thousands or Pay More?

In this video, Steve breaks down the major tax changes proposed by the Canadian government for 2024. These changes could potentially lead to Canadians paying tens of thousands more in taxes over the next five years. However, there are also ways to save money amidst these changes. Chapters: 00:00 Introduction 00:40 Capital Gains Changes 02:45 Entrepreneur Incentives 03:41 Example Savings 05:02 Alternative Minimum Tax (AMT) Changes 05:54 Conclusion In this video, you will learn: 1) How the new capital gains inclusion rate affects your investments 2) The impact of these changes on estate taxes and inheritance 3) Specific changes for corporations and trusts 4) New incentives for entrepreneurs and how to take advantage of them 5) The increased lifetime capital gains exemption rate and how it can save you money 6) Changes to the Alternative Minimum Tax (AMT) and what they mean for you If you're a Canadian business owner, entrepreneur, or investor, it's crucial to understand these changes and how they could affect you. For personalized advice and guidance, feel free to reach out to us at Parr Business Law. Don't forget to like, comment, and subscribe to our channel for more valuable content on Canadian business & estate law and tax updates. Contact us: Website: https://www.parrbusinesslaw.com/contact Email: [email protected] instagram.com/parrbusinesslaw facebook.com/parrbusinesslaw linkedin.com/company/parrbusinesslaw