Freeland Warns of Dark Future, Announces Capital Gains Tax Changes with Vote This Week

Jun 9, 2024, 08:18 PM

Finance Minister Chrystia Freeland is set to initiate the legislative process for changes to the capital gains tax next week. The announcement will be made during a speech in Toronto on Sunday. The Liberal government, led by Prime Minister Justin Trudeau, plans to introduce a proposal to increase the capital gains tax inclusion rate in the House of Commons on Monday. This move, described as controversial, aims to improve tax fairness and support investments in housing, affordability, and economic growth. Freeland has warned of a dark future in Canada without the looming tax hike. A vote on the proposal is expected to take place this week.