One in five Canadians will be directly impacted over the next 10 years and the effects of this tax hike will be borne by all Canadians, directly or indirectly.
The federal budget only increases the inclusion rate on capital gains above $250,000, affecting a smaller fraction of Canadians.
The chamber of commerce changed the letter to state that one in five companies, not Canadians, would be directly affected by the tax changes.
Most Canadians won't be impacted by the new capital gains tax changes, focusing on fairness according to Small Business Minister Rechie Valdez.
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