Canada and Ontario, specifically

The capital gains inclusion rate is 50%. It was cancelled, not deferred — by the Prime Minister on 21 March 2025, confirmed in Budget 2025. A large number of accounting-firm pages still say "deferred to 2026." They are stale.

The Canadian Entrepreneurs' Incentive was cancelled in Budget 2025 and never became law. What survived and matters: the Lifetime Capital Gains Exemption at $1.25M on qualified small business corporation shares, retroactive to 25 June 2024. With the inclusion rate holding at 50% and the CEI gone, the LCGE is now the single largest tax lever available to a Canadian owner.

2026 registered limits: TFSA $7,000 (cumulative room $109,000 if never contributed since 2009); RRSP dollar limit $33,810; FHSA $8,000 per year.

Bare trust reporting is finally live. Bill C-15 received Royal Assent 26 March 2026, ending three years of relief. Obligations begin with the 2026 tax year and first returns are due 31 March 2027. Nominee corporations holding real estate, unrelated-party joint ventures, and "in trust for" accounts above thresholds are caught. Penalties run $25/day, and gross negligence draws the greater of $2,500 or 5% of the highest property value.