“We are calling on the government to heed the advice of many of Canada’s most respected leaders and commit to scrapping the ill-advised inclusion rate increase.”
A large number of Canadian business groups are pushing for the Liberal government to reduce their capital gains tax hikes.
At a time when Canada has a huge dearth of investment and has a terrible productivity crisis, raising the capital gains tax inclusion rate is a direct attack on Canada’s prosperity.
The Liberal-NDP clowns are moving more and more in a socialist direction, and it’s about time some business groups started calling it out.
Here’s what the groups are saying:
“Some of Canada’s biggest business groups are urging Prime Minister Justin Trudeau to reverse his government’s plan to raise the tax inclusion rate on capital gains.
The government should cancel the proposed tax hike, six major industry associations, including the Canadian Chamber of Commerce and the Canadian Venture Capital and Private Equity Association, wrote in a letter Thursday to Finance Minister Chrystia Freeland.
“We are calling on the government to heed the advice of many of Canada’s most respected leaders and commit to scrapping the ill-advised inclusion rate increase,” the groups wrote.”
“If enacted, this change will have significant knock-on impacts, including making it harder for Canadians to access medical practitioners, limiting employment opportunities and making the prospect of starting, growing or succession planning a business more difficult, especially for multigenerational businesses such as farms, fisheries and small businesses,” the groups said.”
The government should listen. We need the private sector to lead the way, not a bunch of neo-communist pukes in the government.
So of course, the government almost certainly won’t listen, because they’re hell-bent on demonizing successful Canadians to distract from their own failures.
Spencer Fernando
