Truth Tracker: A look at Singh's plan to boost the capital gains tax

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 99%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The NDP says it will bring in $8 billion by taxing investment profits, such as a second home, family cottage, or company shares. But even leader Jagmeet Singh admits his plan will affect more than just the wealthy Canadians he's targeting.

Last Updated Friday, October 11, 2019 11:23PM EDTThe NDP says it will bring in $8 billion by taxing investment profits, such as a second home, family cottage, or company shares.

But even leader Jagmeet Singh admits his plan will affect more than just the wealthy Canadians he's targeting. "Well, we know that the majority of people impacted by this will be the wealthiest. There are some that will be impacted and in a small way that that are not the wealthiest in society,” he said.The NDP says it will change the capital gains tax on investment profits from 50 per cent back to 75 per cent. It was lowered in 2000 for several reasons, including that it was notoriously difficult to assess.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I believe the Liberals are looking at doing this too.

Truth tracker! Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.

Boost Boost? Needs to be eliminated.

Alternative title to your program: Capitalist Spin: A look at how bootlickers try to convince working people to vote against their own interest and for the wealthy to keep rigging the system

Who cares? Never going to happen.

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:

 /  🏆 1. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines