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GG2SSM
New Member

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

 

1 Reply

Corporate Taxable Capital Gains

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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