Capital gains tax: Conservatives say they will oppose changes ahead of vote

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Capital Gains Tax News

Budget 2024,Capital Gains,Pierre Poilievre

The Conservatives have not previously stated their position on the government's plan to increase capital gains taxes to help pay for investments in health care and housing.

But the Liberals forced their hand when Finance Minister Chrystia Freeland introduced a stand-alone motion Monday to put the tax adjustment in place.

The written statement didn’t contain the words “capital gains,” but it used the same language a Conservative spokesman provided when asked about the capital gains motion on Monday. Freeland insists it is a fairness tax to make sure wealthy individuals whose income comes from selling assets don’t pay a lower tax rate than middle-class Canadians who have less overall wealth.“These changes will result in a small number of well-off Canadians paying a little more tax when they sell a successful investment,” she said.

 

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