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How changes to capital gains tax will affect dealers and the buy-sell market

Trudeau Freeland Budget 2024
Ottawa said in April that it will hike the capital gains inclusion rate to 66.7 per cent from 50 per cent previously.  (CANADIAN PRESS)
May 16, 2024 03:12 PM

Federal tax changes are expected to increase the amount of capital gains tax many auto dealers will pay when selling their dealerships or underlying real estate. And the new measure is turning up the heat on retailers with pending acquisitions and putting pressure on automakers to fast-track approvals for buy-sell transactions.

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