Tax Forms 2024 Ontario Pdf. With december 31st approaching, now is the time to ensure you’re maximizing your benefits and preparing properly for the 2025. As a result of the 2024 federal budget, the capital gains inclusion rate has increased from 50% to 66.67%, meaning that gains realized on a sale since june 25, 2024, are subject to a higher tax.

Toronto’s 2024 vacancy tax rate increased to 3% and ottawa remains at 1% of the property’s value, with varying deadlines for filing and payment. You may be aware of the payments that must be made by december 31 to qualify for 2024 tax deductions or credits (e.g., charitable donations, federal or provincial political.