{"id":206400,"date":"2025-04-26T07:43:46","date_gmt":"2025-04-26T07:43:46","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/2024-federal-budget-highlights-rlb\/"},"modified":"2025-04-26T07:43:46","modified_gmt":"2025-04-26T07:43:46","slug":"2024-federal-budget-highlights-rlb","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=206400","title":{"rendered":"2024 Federal Budget Highlights &#8211; RLB"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">The 2024 Federal Budget of Canada was made public on April 16, 2024. Delivered by Deputy Prime Minister and Finance Minister Chrystia Freeland, The Budget will address many concerns at the forefront of the Canadian business economy. It will offer insight into measures in critical areas that will affect many of our clients, such as audit and enforcement, business tax, credits and incentives, international tax, and private client services. Upon review of the Budget, we have highlighted some of the more considerable changes and the implications of these measures for the Canadian economy, businesses, and individuals.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Budget introduces various tax and business changes, including the following key highlights:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Increasing capital gains inclusion rates for corporations from 50% to 66.67% beginning June 25, 2024<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Increasing capital gains inclusion rates for individuals from 50% to 66.67% beginning June 25, 2024, with a $250,000 annual limit where inclusion rates remain at 50%<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Increasing the lifetime capital gains exemption (LCGE) limit to $1.25 million (from approx. $1 million currently) beginning June 25, 2024<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Expanding Canada Revenue Agency (CRA) audit and enforcement powers<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">For a comprehensive understanding of the 2024 Federal Budget and its potential impacts, click the link below.<\/span><\/p>\n<p><a href=\"https:\/\/www.rlb.ca\/2024-federal-budget-commentary\/\" target=\"_blank\" rel=\"noopener\"><strong>Read the full article here\u2026<\/strong><\/a><\/p>\n<\/p><\/div>\n<p><script type=\"text\/javascript\">\n!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\nn.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\ndocument,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js?v=next');\n<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2024 Federal Budget of Canada was made public on April 16, 2024. Delivered by Deputy Prime Minister and Finance Minister Chrystia Freeland, The Budget will address many concerns at the forefront of the Canadian business economy. It will offer insight into measures in critical areas that will affect many of our clients, such as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":206401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[4995,11558,20067,29753],"dealstore":[],"offerexpiration":[],"class_list":["post-206400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-budget","tag-federal","tag-highlights","tag-rlb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2024 Federal Budget Highlights - RLB - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=206400\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 Federal Budget Highlights - RLB - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The 2024 Federal Budget of Canada was made public on April 16, 2024. 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