Capital Gains Tax Change – FOCA Advocates for Responsive Government

May 15, 2024 Capital Gains Tax Change – An Update

Following last month’s top news item, FOCA has been copied on hundreds of your letters to MPs telling them how middle-class families will be negatively impacted by the increase in Canadian capital gains tax, proposed to come into effect on June 25, 2024.

Update: FOCA notes that the government has removed mention of the capital gains tax change from the rest of the budget vote tabled on April 30th (Bill C-69), although the Minister of Finance reiterated the government’s continued support for the change, which suggests it may be tabled separately.

YOUR ROLE: Keep up your advocacy efforts, and pursue your MP if you haven’t had a response to your letter! If you haven’t yet written your MP, download a customizable template letter from FOCA’s webpage: https://foca.on.ca/property-taxation-assessment/ and please continue to copy FOCA on your correspondence. communications@foca.on.ca

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April 27, 2024 – Capital Gains Tax Change

FOCA is concerned about a change to Canadian capital gains tax announced by the federal government on April 16th, that will negatively impact the 150,000 seasonal cottage owners in Ontario alone, when it comes time for them to transfer the cottage to the next generation.

Read FOCA’s letter to the government on the matter in the “Latest News” section of our webpage: https://foca.on.ca/property-taxation-assessment/.

YOUR ROLE: Download a customizable template letter from the
webpage above, to write your own MP and tell them how this change
affects your family. Please copy FOCA on your letters. communications@foca.on.ca