The Liberal-NDP government hiked the capital gains tax inclusion rate to 66% as of June 25, 2024. It’s a tax increase that economists agree will kill over 400,000 jobs and cause Canada’s GDP to decline by $90 billion.

 

Given that the Liberals have prorogued Parliament, this tax will not become law before the next election. Despite this, the Canada Revenue Agency (CRA) is acting as if it were law and has already begun collecting capital gains taxes at the new and higher rate. Conservatives wrote to Liberal Finance Minister, Dominic LeBlanc, calling on him to cancel their lawless tax increase until we can have an election.

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I want to know if you’re impacted by the Liberals’ capital gains tax hike and if you support our Conservative pledge to reverse it. Please complete my brief survey below.