Business groups criticize capital-gains tax changes as opposition continues to mount ...Middle East

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Business groups criticize capital-gains tax changes as opposition continues to mount
Several major business groups are calling on Finance Minister Chrystia Freeland to kill the planned increase to the capital-gains tax, saying they are alarmed by the potential impact on Canada’s competitiveness. Chief executive officers of the Canadian Chamber of Commerce, the Canadian Federation for Independent Business, Canadian Manufacturers & Exporters, and the Canadian Venture Capital and Private Equity Association have signed a letter that will be sent to Ms. Freeland on Thursday. The Canadian Franchise Association and the Canadian Canola Growers Association are also listed as signatories. “This measure will limit opportunities for all generations and make Canada a less competitive,

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