With the 2024 federal budget released on April 16, there are a few considerations for employers in terms of total rewards and benefits offerings.
For one, stock options may see an impact because of changes to the Capital Gains Inclusion Rate, said Matthew Fisher, barrister and solicitor at Lecker & Associates.
The budget proposes to increase the rate from one-half to two-thirds for corporations and trusts, and from one-half to two-thirds on the portion of capital gains realized in the year that exceed $250,000 for individuals, for capital gains realized on or after June 25, 2024.
