Poilievre's Capital Gains Tax Plan

This is a Canada news story, published by financialpost, that relates primarily to Pierre Poilievre news.

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Business & Economics

What you need to know about Poilievre's capital gains tax deferral proposal

Summary

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75% Informative

Conservative leader Pierre Poilievre proposed capital gains tax deferral for money reinvested in Canada .

Currently, the capital gain inclusion rate is 50 per cent , meaning half of any profit made from selling stocks, bonds, real estate or other investment is taxable.

The Conservatives say if the policy generates a “major economic boom,” they’ll make it permanent.

Brouard gave the example of buying and selling shares in a mutual fund that holds a mix of investments from Canada and other countries.

Drummond pointed out that the policy would largely appeal to high-income investors.

Canadians with more modest incomes already have other tax deferral options available.

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English

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