Quebec Follows Federal Government and Delays Capital Gains Tax Hike Until 2026

Quebec Follows Federal Government and Delays Capital Gains Tax Hike Until 2026
Finance Minister Dominic LeBlanc rises during Question Period in Ottawa on December 17, 2024. The Canadian Press/Adrian Wyld
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Quebec’s Finance Department says it is following the federal government’s lead and delaying a planned hike in the capital gains tax until Jan. 1, 2026.

The federal Liberals said in their April budget that they would raise the portion of capital gains on which companies pay tax to two-thirds from one-half, and raise it by the same amount for individuals with capital gains earnings above $250,000.