Capital Gains Calculator

This calculator estimates the tax on capital gains using the new inclusion rate announced in the April 2024 federal budget. The inclusion rate will increase from 50.00% to 66.67% on capital gains greater than $250,000 in a year as of June 25, 2024. The inclusion rate for individuals will remain at 50.00% for capital gains under $250,000.

Where do you live? Alberta
Taxable income (excluding any capital gains) (maximum value $1,000,000)
100,000
Investment Details
Fair Market Value (maximum value $10M)
500,000
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Fair Market Value
The fair market value of the asset or investment you are selling or disposing of through a deemed disposition.
Adjusted cost base (maximum value $10M)
100,000
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Adjusted Cost Base
The adjusted cost base is usually the original cost of the asset or investment plus any expenses to acquire it, such as commissions and legal fees.
Capital gain
400,000

ResultsPre-BudgetPost-BudgetDifference
Capital gainA$0
Taxable gain
Tax on gainB
Net proceeds (after-tax)(A-B)
Difference in percent

Under the new Post-Budget rules, your net proceeds will be or 4.40% less than before.

Net Proceeds (after-tax)
Pre-Budget
Post-Budget
Difference


Expand Capital Gains Tax Calculation
Capital GainInclusion RateTaxable GainTax
Pre-Budget50.00%
Post-Budget
First $250,00050.00%
Remainder66.67%
Total
Difference
 
Pre-BudgetTaxable AmtTax
Regular income + taxable capital gainsA
Regular incomeB
Taxable capital gainA-B
 
Post-BudgetTaxable AmtTax
Regular income + taxable capital gainsA
Regular incomeB
Taxable capital gainA-B

 
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Assumptions
Calculations use marginal tax rates as of Janaury 2024. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. Calculations do not factor in the AMT (Alternative Minimum Tax), if applicable.

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