Carney cancels planned hike to capital gains tax

Carney Says Liberals Will Cancel Capital Gains Rate Hike

Prime Minister Mark Carney has announced his government will cancel the Liberal government’s planned hike in the capital gains inclusion rate. In a statement released on March 21, the Prime Minister’s Office said this cancellation is part of a “recognition of the vital role that builders and small businesses play,” adding that the change would allow for more private investment to create jobs and opportunities for Canadians. The statement also sa…

Carney cancels proposed capital gains tax hike

The proposal would have required individuals and businesses with more than $250,000 in capital gains to pay higher taxes on those proceeds.

Capital gains tax changes will not move forward, Carney confirms - National

The Prime Minister's Office says a plan to hike the inclusion rate on capital gains, first pitched in the federal budget last year, will not move forward.

Carney cancels planned hike to capital gains tax

Prime Minister Mark Carney says he will cancel the proposed hike to the amount of capital gains that are subject to tax introduced by Justin Trudeau's government.

A few days before the federal election was called, Prime Minister Mark Carney confirmed that he would not go ahead with a tax policy launched by the Liberal government.

Carney confirms Liberals will drop planned capital gains tax change

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