Capital taxes reduce the incentive to innovate and invest.
capital gains tax
Inflationary gains represent a significant share of the capital gains Canadians are currently realizing.
The tax increase will deter business investment in the economy and chase away capital.
If the government wanted to pay for new programs, it could’ve reduced spending in other areas.
Many Canadians who incur capital gains taxes, such as small business owners, may only do so once in their lifetimes.
The tax increase will reduce the return on investment and encourage an exodus of capital from the country.
The province had the third-lowest level of per-worker business investment in Canada.
Investors may delay selling capital assets because they anticipate a change in government and a reversal back to the previous inclusion rate.
Business investment (excluding residential development) is down 22.5 per cent.
The federal government raised the top personal income tax rate from 29 per cent to 33 per cent.