Canada's Liberal government raises capital-gains tax inclusion rate to two-thirds, set to generate $19.4bn in revenue and take effect on June 25.
Finance Minister Chrystia Freeland confirms Canada's Liberal government will raise the capital-gains tax inclusion rate, despite opposition. The government plans to make two-thirds of capital gains taxable, predicted to generate $19.4bn in revenue over five years, with the aim of improving tax fairness. Critics argue the tax hike could negatively impact the economy and drive away doctors. The tax hike is set to take effect on June 25.
June 09, 2024
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