Profits on sale of residential property held for less than 12 months would be taxed as business income
New tax on the ultra wealthy would include ``unrealized gains''
New allocation to redeemers formula was proposed in draft legislation released earlier this month
ETFs were exempt until this week from a change to the allocation to redeemers methodology, but new legislation hasn't been introduced
A recent court case illustrates the taxpayer troubles that can arise when selling a residence
Securities donations including stocks, bonds and mutual funds rose by 52% in the past year, CanadaHelps says
Many pending taxation issues were not addressed in Tuesday's fiscal update, however
Surging markets and charities in need create a planning opportunity
Considerations include a potential hike to the capital gains inclusion rate
Report suggests investors consider delaying purchases until after distributions are made