Business groups walk back claim on share of Canadians hit by capital gains changes ...Middle East

OTTAWA — Prominent business groups are backtracking their claim that one in five Canadians would be affected by the federal government’s proposed changes to capital gains taxation. In a letter sent to Finance Minister Chrystia Freeland Thursday, the Canadian Chamber of Commerce and other groups said the government’s assertion that only the wealthiest Canadians will be affected was misleading. “In fact, one in five Canadians will be directly impacted over the next 10 years and the effects of this tax hike will be borne by all Canadians, directly or indirectly,” the original letter reads. But the study from which that figure was taken suggests otherwise. The 2023 study by Simon Fraser Unive

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Last updated : 09 May 2024 clock 09:48 PM

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Business groups walk back claim on share of Canadians hit by capital gains changes ...Middle East

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