Carney Blocks Capital Gains Tax Hike

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capital gains taxes

torontosun

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World

Carney confirms Liberals won’t proceed with planned capital gains tax change

Summary

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69% Informative

Prime Minister Mark Carney confirms he won't move ahead with a key Liberal tax policy.

The Prime Minister’s Office says a plan to hike the inclusion rate on capital gains will not move forward.

The proposal was set to take effect on June 25 of last year and would have seen all businesses reporting more than $250,000 in capital gains in a year pay more tax on those proceeds.

The tax change drew sharp criticism from some tech leaders and professional groups.

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English

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