Breaking down the capital gains tax fight
The Big Story
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Impact of Proposed Capital Gains Tax Change in Canada
Discussion on the proposed capital gains tax change in Canada, highlighting its potential impact on Canadians and businesses, revenue projections, public opinion, and concerns from various sectors regarding productivity and investment. The chapter explores the complexity of the tax adjustment, its implications on housing supply, and the differing views on whether it will benefit the economy. It also addresses the government's rationale for the tax change and the upcoming draft legislation adjustments expected in response to concerns raised by businesses.
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