The Resource Capital gains taxation in Canada, 1972-2017: evolution in a federal setting

Capital gains taxation in Canada, 1972-2017: evolution in a federal setting

Label
Capital gains taxation in Canada, 1972-2017: evolution in a federal setting
Title
Capital gains taxation in Canada, 1972-2017: evolution in a federal setting
Creator
Subject
Language
eng
Summary
Capital gains taxation in Canada was introduced in 1972 following the recommendations of the Carter Commission. This article describes the evolution of the system focusing in particular on the following three items: (1) the interaction between capital gains taxation and provincial succession duties as the latter were driven down to zero in the 1970s (Québec in the 1980s); (2) the phased introduction (1985-1988) and abolition (1994) of a generally available life-time capital gains exemption; and (3) the changes in the inclusion rate of capital gains in taxable income (50% in the years 1972-1988; 66.67% in 1988-1990; 75% in 1990-2000; and 75% to 66.66% to 50% in 2000 and 50% thereafter). The article starts by setting out a brief history of capital gains taxation in Canada. Following this factual part, an examination of the three items mentioned above are carried out followed by a brief discussion of the post-2000 period
Citation source
In: eJournal of Tax Research. - Sydney. - Vol. 16 (2019), no. 2 ; p. 340-361
http://library.link/vocab/creatorName
  • Vaillancourt, F
  • Kerkhoff, A
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • capital gains tax
  • history of taxation
  • federal tax
  • provincial tax
  • inheritance tax
Label
Capital gains taxation in Canada, 1972-2017: evolution in a federal setting
Instantiates
Publication
Label
Capital gains taxation in Canada, 1972-2017: evolution in a federal setting
Publication

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