Trudeau's prorogation of parliament halts controversial capital gains tax increase opposed by business.

Canadian Prime Minister Justin Trudeau's decision to prorogue parliament has halted proposed capital gains tax changes that faced opposition from tech and business communities. The government planned to increase the tax on capital gains from 50% to 66.67%, affecting individuals earning over $250,000 in capital gains. Critics argued the changes would stifle innovation and could cause talent to leave Canada. The motion was delayed previously due to disputes over a green technology fund.

2 months ago
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