Federal capital gains inclusion rate – proposal upheld until January 1, 2026
SUPPLEMENTAL BOXES ON T3 AND QUEBEC RL-16 SLIPS
A communication has been sent to all policyholders on the inclusion of some federal changes in their T3 and Quebec RL-16 tax slips.
What you need to know
The federal capital gains inclusion rate for 2024 is one-half, which means that half of a capital gain is taxable before January 1, 2026. The Federal government planned to increase the taxable portion of capital gains from one-half to two-thirds in June 2024. This change is now delayed until January 1, 2026.
The 2024 T3 and Quebec RL-16 slips have supplemental boxes used to identify Period 1 (January 1 to June 24, 2024) and Period 2 (June 25 to December 31, 2024). This information is provided in accordance with CRA guidance on T3 slips instructions and Revenu Québec guidance on RL-16 tax slips instructions.
| T3 tax slips | Quebec RL-16 tax slips | |
|---|---|---|
| Box 21 (Capital Gains) | Box 37 (Insurance Segregated Fund Net Capital losses) | Box A (Net Capital Gains/(Losses)) |
Supplemental boxes:
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Supplemental boxes:
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Supplemental boxes:
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They can see more information about the boxes on the back of their tax slips.
Should you have any further questions, please do not hesitate to contact your financial and/or tax advisor or the Canada Revenue Agency (CRA) and/or Revenu Québec websites for more details.
Published on: March 13, 2025