Budget Law Cements Permanent Capital Gains Exemption for Employee Ownership Trusts
The Spring Economic Update 2026 Implementation Act (Bill C‑30) received royal assent on June 18, making the capital gains exemption for sales to employee ownership trusts and worker co‑operatives permanent. The legislation also lowers the Canada Pension Plan contribution rate to 4.75% for both employees and employers starting in 2027, extends the Home Buyers’ Plan repayment grace period, and raises the Labour Mobility Deduction limit to CAD 10,000 (≈US $7,300). Additionally, it temporarily eliminates excise taxes on gasoline, diesel and aviation fuel from April 20 to September 7 2026 and creates a new fee‑assessment framework for payment service providers, stablecoin issuers and other regulated entities. The bill amends roughly a dozen federal statutes, from the Income Tax Act to the Pest Control Products Act.
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Estate Freeze: How It Works and Wealth Planning
An estate freeze is a wealth‑planning technique that locks the current taxable value of assets, transferring future appreciation to beneficiaries. The strategy typically swaps common shares for preferred shares that pay fixed dividends but do not appreciate, while new common...