Capital gains tax revenue from individual Canadians amounts to $4.3 billion each year.
capital gains tax
If governments eliminated corporate taxes, they'd eliminate the double taxation of corporate profits.
Some speculate that Justin Trudeau’s government may raise the tax rate on capital gains in next week's federal budget.
Canada enjoyed an economic and fiscal renaissance starting in the mid-1990s that lasted more than a decade.
A number of prominent Canadians, including Bank of Canada Governor Stephen Poloz, have raised concerns about the state of business start-ups and entrepreneurship in Canada. There is no question that entrepreneurship is critical to a well-functioning, prosperous economy.
After seven years of budget deficits and over $160 billion in new debt, the federal government confirmed in its financial update Wednesday that it expects to record a surplus next year.