Finance Minister Chrystia Freeland introduces a motion to present Canada's federal budget excluding capital gains tax changes, which will be introduced separately.
Finance Minister Chrystia Freeland has introduced a motion to present Canada's federal budget in the House of Commons, but capital gains tax changes are not included in the motion. The proposed tax changes, expected to generate over $19bn in tax revenues over five years, will be introduced in a separate piece of legislation. Freeland aims to increase the taxation of capital gains for corporations and individuals, with the funds directed towards new spending on housing, national defense, and other initiatives.
April 30, 2024
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