"We could be in this weird limbo period for a year or two, driving uncertainty, which is super unfair to my members," said Dan Kelly, president and CEO of the Canadian Federation of Independent Business.
The plan was to increase the 'inclusion rate' for the capital gains tax. Under the old plan, Canadians pay taxes on 50 percent of the profit (the capital gain) on the sale of assets.
When the measure was introduced, finance minister Chrystia Freeland said it was intended to address issues of tax fairness and that the government needed revenue from these changes to fund essential programs.
Collection
[
|
...
]