gave it a separate legislative treatment in the hope of scoring some political points against their chief rivals, the Conservatives.reminded Canadians at a press conference on Saturday that only a small number of wealthy individuals and corporations — about 40,000 or so — will be paying more in capital gains taxes.
Freeland tabled the federal government’s 2024 budget on April 16, which included a proposal to raise the inclusion rate — the portion of capital gains on which tax is paid — to 66.7 per cent for individuals realizing more than $250,000 in capital gains annually.People realizing up to $250,000 in capital gains will continue to pay tax on 50 per cent of their capital gains. For corporations and trusts, however, there is no threshold.
The Canadian Medical Association said in a statement Saturday that it is “deeply disappointed” in Freeland’s announcement that the federal government plans to proceed with the tax change. It warned the change will “add undue pressure and financial strain on physicians, undermining the stability of our health-care system.”