Trudeau’s Liberal government is trailing badly in the polls amid concerns over the cost of living in Canada | (Photo: PTI) 2 min read Last Updated : Apr 17 2024 | 9:04 AM IST Canadian Prime Minister Justin Trudeau’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital gains above $250,000 Canadian (US$181,000) would rise from half to two-thirds, which the federal government says will only affect 0.1 per cent of Canadians
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