PBO estimates Liberal government's increased capital gains rate reduces projected revenue by $2B over 5 years.

The Parliamentary Budget Officer (PBO) expects the Liberal government's increased capital gains inclusion rate to generate $17.4B in revenue over five years, a $2B reduction from the federal government's initial projection. The change, facing opposition from business groups and physicians, aims at promoting generational fairness and increasing government spending on essential projects like housing. Despite the reduced revenue expectations, the new inclusion rate is still in effect since June 25th, but legislative approval is pending.

August 01, 2024
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