Hotel Owners: Important Alert Regarding Capital Gains Tax Increase on or after 25 June 2024!

Are you concerned about the potential impact of escalating capital gains taxes on your valuable property investments? FALLZ HOTELS™ presents a compelling solution designed to mitigate tax burdens and amplify your profitability.

Why Act Now?

• Evolving Tax Landscape: With the imminent surge in capital gains tax rates, seizing proactive measures is paramount.
• Seasoned Expertise: Access the knowledge and insights of our seasoned financial and real estate professionals, poised to craft tailored tax-saving strategies.
• Enhanced Returns: Elevate your investment portfolio and safeguard a greater portion of your earnings.

Our Solution:

• Tailored Strategic Planning: Benefit from personalized strategies meticulously crafted to align with your distinct financial objectives.
• Comprehensive Professional Support: From initial consultation to seamless transaction execution, our dedicated team offers unwavering support at every step.

Don’t Delay! Safeguard Your Investments Today.

Contact FALLZ HOTELS™ for a complimentary consultation and uncover how our expertise can empower you to navigate the impending capital gains tax increase while optimizing your savings.

Given the imminent changes proposed by the government, Canadians should take proactive steps to prepare for the potential impact. As we approach June 25th, here are some considerations:

Corporate Owners: The forthcoming alterations are poised to affect corporate owners significantly. Unlike individuals, corporations will be subject to tax on two-thirds of all capital gains, without the $250,000 threshold that applies to individuals. This change will also affect the Corporate Dividend Account (CDA), which is bolstered by the tax-free portion of capital gains realized. As of June 25, 2024, only one-third of capital gains will contribute to the CDA. This reduction will have a more substantial impact on overall taxes than the proposed increase in corporate income taxes. If you anticipate disposing of an asset for a capital gain within the next few years, it’s prudent to consider triggering the gain before June 25, 2024, to optimize your CDA. Maximizing your CDA allows for the distribution of tax-free capital dividends to shareholders. Consider reinvesting these dividends outside of your corporation, where capital gains may be taxed at slightly lower rates, with the first $250,000 of capital gains subject to a lower inclusion rate of 50%.