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Conservatives call on government to back off capital gains changes due to legislative limbo

The article from MSN discusses the Conservative Party of Canada's opposition to the Liberal government's proposed changes to capital gains taxation. The Liberals aim to increase the capital gains inclusion rate from 50% to 66.67% for corporations and trusts, and for individuals on gains exceeding $250,000 annually. Conservative Leader Pierre Poilievre has criticized these changes, arguing that they would negatively impact small businesses, farmers, and doctors, potentially leading to higher costs for patients and reduced investment in Canada. Poilievre has called for the government to abandon these tax changes, especially given the current legislative limbo where the bill has not yet been passed. The article also mentions that the government's budget, which includes these tax proposals, has not been voted on, and with the House of Commons set to rise for the summer, the future of these tax changes remains uncertain.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/conservatives-call-on-government-to-back-off-capital-gains-changes-due-to-legislative-limbo/ar-BB1rr64x ]