The Liberal government will bring its proposal to increase the inclusion rate on capital gains to the House of Commons before the parliamentary summer break, Finance Minister Chrystia Freeland said Tuesday.
The Liberals must table a motion in the House of Commons before they bring forward the actual legislation.The government proposes to make two-thirds of capital gains taxable. Currently, only one-half of the profits made on the sale of assets – such as stocks or secondary real estate property – are taxed.
The Liberal government estimates the higher inclusion rate will generate $19.4 billion over the next five years. Freeland took the opportunity on Tuesday to call Poilievre out for not taking a stance on the proposed tax changes yet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Capital gains tax change 'shortsighted' and 'sows division' business groups tell FreelandForging ahead with increasing Canada's capital gains inclusion rate 'sows division,' and is a 'shortsighted' way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland.
Source: CTVNews - 🏆 1. / 99 Read more »
Freeland says government will introduce capital gains legislation before summer breakOTTAWA — Finance Minister Chrystia Freeland says the Liberal government will introduce legislation to increase the inclusion rate on capital gains before the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Freeland says government will introduce capital gains legislation before summer breakFinance Minister Chrystia Freeland says the Liberal government will introduce legislation to increase the inclusion rate on capital gains before the parliamentary summer break.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Freeland says capital gains proposal will be tabled before summer breakOTTAWA — The Liberal government will bring its proposal to increase the inclusion rate on capital gains to the House of Commons before the parliamentary summer break, Finance Minister Chrystia Freeland said Tuesday.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »