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posted Dec 29, 2024 7:50:48 AM

Corporate Taxable Capital Gains

I am completing Schedule 6 of my T2 and have listed the capital gains for 2024.  The taxable amount is calculated at 50%.

 

I thought the 2024 budget raised the taxable portion  to 66.6% for gains after June 25th, leaving taxable capital gain before that at 50%.

 

The forms do not show this.  Am I missing something?

 

Thanks

 

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Moderator
Dec 29, 2024 8:06:15 AM

If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can contact the dedicated support team using the chathttps://public-consumer-chat.app.intuit.com/app/ccs/consumer?experienceId=ttbInc.Agents are available 9:00 am to 6:00 pm EST, Monday to Friday.

You can also visit the Intuit Profile support site. https://profile.intuit.ca/support/en-ca/TurboTax Business Incorporated is based off Profile software.

 

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