01:40 | June 11, 202401:18 | June 10, 202402:15 | June 9, 202402:17 | 10 hours ago03:26 | June 11, 202401:57 | June 10, 202400:29 | June 9, 2024Speaking to media on Tuesday in Ottawa, Finance Minister Chrystia Freeland explained that Monday's capital gains tax changes are designed to generate more government income to help build more housing for younger Canadians. She added the additional taxes will ensure younger Canadians don't inherit future federal debt through the initiative.
Capital gains are the proceeds from the sale of an asset, like a stock or investment property.Speaking to media on Tuesday in Ottawa, Finance Minister Chrystia Freeland explained that Monday's capital gains tax changes are designed to generate more government income to help build more housing for younger Canadians. She added the additional taxes will ensure younger Canadians don't inherit future federal debt through the initiative.