Capital gains tax change ‘shortsighted’ and ‘sows division’ business groups tell Freeland ...Middle East

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Forging ahead with increasing Canada’s capital gains inclusion rate “sows division,” and is a “shortsighted” way to improve the deficit, business groups are warning Finance Minister Chrystia Freeland. In a new letter sent to Canada’s chief financial steward and deputy prime minister, six of the country’s largest industry organizations are sounding off about the concerns they have that the policy change will stifle economic growth and come at the expense of future generations’ prosperity. “Put simply, this measure will limit opportunities for all generations and make Canada a less competitive, and less innovative nation,” reads the letter. “Whether through the diminishing (of) t

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