Dear Turbo Tax:
The Errors within the TT software for Box 52 and Box 53 for T3 should be removed. For your info, the government of Canada have announced the proposed CG inclusion rate increase have been deferred to Jan 1st, 2026. For the 2024 tax return, CG rate remains at 50%.
News release
January 31, 2025 - Ottawa, Ontario - Department of Finance Canada
Today, the Honorable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts. The capital gains inclusion rate represents the portion of capital gains that is taxable.
I look forward to the software fix/updates - I hope very soon.
Thanks.
