I understand the latest budget increases the capital gains rate for Trusts. Since most/all Trusts distribute out their capital gains to beneficiaries, I am assuming there will be no impact for these Trusts and potential impact to beneficiaries only if they are above the $250,000 limit.
Am I correct on this?
If it’s taxed in the trust or in a corporation, there’s no 250k threshold, so the entire gain has an inclusion of 66.67%
Beneficiaries can utilize the 50% inclusion below $250k, with a 66.67% inclusion thereafter. The personal TCG bracket threshold then gets bumped from approx. 26.76% to about 35.69%, which is the highest threshold for individuals.
Yup you understand it right. Although I am hoping for some sort of exclusion for disability trusts as they did with AMT. Disability trusts and GREs should have the same thresholds as individuals! And if the true intention was not to tax the middle class, there should be an increased threshold in year of death. I am holding onto hope for when the fine details get released. 
The Libs don’t care about dead voters…only live ones.
Don’t hold your breath.
You beat me to it !
I had the privilege of being taught tax by Dr. Stan Laiken in the 90s. He started his lecture jumping up and down yelling “Celebrate Complexity!!!” The more complex our Canadian tax system gets, the more invaluable we are! Well the liberals must be dancing to the same tune! At least there’s a small silver lining. 
There is a certain (albeit sad) truth to that!!
I was there in the mid to late 80’s.
Still have 2 editions of his book.
Lectures in Hagey Hall with Stan Laiken and drinks at the Bombshelter.
Life was much simpler in the 80’s & 90’s. 
He was such a character! Did summer salts on the desk to demonstrate a roller! I will never forget those classes. I did not go to Waterloo. I had him for UFE prep when I was at PwC… late 90s.
Finally some good news in yesterday’s budget tabling. I feel like I called it! I should go buy a lottery ticket. Still no relief for corporations or year of death.
“ Graduated Rate Estates and Qualified Disability Trusts would also be eligible for the $250,000 threshold available to individuals in respect of capital gains that are not allocated to a beneficiary in the year, reflecting that these trusts are subject to the same progressive personal income tax rate structure.”