Capital gains tax changes

Capital Gains Tax Changes

Amid concerns over 'collateral damage', Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland are defending their plan to increase the capital gains inclusion rate. Facing pushback from physicians and businesspeople, the government is standing by their decision to target Canada's highest earners.

The changes to the capital gains tax are part of the government's efforts to address income inequality and ensure that the wealthiest individuals contribute their fair share. While critics argue that the move could have negative consequences for the economy, Trudeau and Freeland are committed to implementing these changes in order to create a more equitable society.