Capital Gains Tax 2024 Canada Income Tax. With the current federal and provincial/territorial tax rates in canada, no one pays more than 27% capital gains tax on gains of under $250,000. At a speech in new hampshire on wednesday, she proposed raising the capital gains rate for americans who make more than $1 million a year to 28 percent, far lower.

Capital gains tax in canada explained. That is a 50% maximum marginal tax rate (in ontario) on 66.7% of an investor’s income.