Conservative Leader Pierre Poilievre announced his second tax cut of the campaign targeted at investors Sunday, promising to exempt capital gains from taxes if the proceeds are reinvested in Canada.
“The current capital gains tax locks up investment in old assets, because selling them would force a big bill,” Poilievre said in a statement.
“Allowing reinvestments without tax will unlock billions to immediately begin building, hiring, investing and growing.”
The Conservatives say the tax cut, which would be available to investors from Canada Day until the end of 2026, will be made permanent if it’s proven successful at driving economic growth.
Wait, a tax cut that benefits some of the middle class a bit and massively benefits plutocrats?
It would have been nice to have a proper campaign for the first time in over a decade, but PP is an empty suit. Stupid slogans is all the guy has. He doesn’t seem to grasp important concepts necessary to be PM. Such a waste of everyone’s time.
Lol yeah, choke out the country’s funding more. That’s exactly what we need 🙄
I just don’t get how anybody can be stupid enough to vote for a party who wants to cut taxes. We need more taxes at the top to bleed the economic leeches dry.
Now that he’s in trouble politically he reveals his true colours. He isn’t really a populist every man. He’s a common, everyday prosperity conservatives who is going to give tax breaks to the wealthy and steal from the poor to pay for it. Maybe he’ll try to use tarrifs to do it.
He’s more like his idol, Trump, every day.
Yeah because the wealthy people with high capital gains already don’t pay enough of their fair share of taxes, so let’s cut them even more.
This is exactly the opposite of what the majority of Canadians want. What a tool.
Where’d you get that picture of Doug Ford?
They’re being extremely “artful” in the way they keep presenting the standard playbook (tax cuts).
He’s essentially promising a tax deferment, not a tax cut, which isn’t the same thing; from the article, when you reinvest domestically the tax rolls over. For the majority of investors this isn’t an incentive especially when you compare with the performance of other markets or the lack of market diversity and stimulus (look to what CHIPs did for the US semiconductor market). It’s generally for borrowing against money that isn’t yours.
“We will soar above the Americans. We will reverse the lost Liberal decade and make this country boom.”
He says unironically still in front of his “Canada First” sign. It’s Diet PP, still with that great Trumpian rhetoric flavor.
I’m curious what exactly that’d look like.
Either way, giving the rich more opportunities during an affordability crisis is bullshit.
The extra snark throughout the article is delicious:
CBC News has reported that sources within the party are complaining about a “dysfunctional” campaign with too much centralized power and the belittling and aggressive treatment of staff.
…
On Saturday, Carney met with volunteers at his Nepean riding office. Sunday Carney met with an Ottawa family before flying to Toronto where he met with volunteers. The Liberal leader has not taken questions from the media over the two days.
The Bloc announcement seems interesting:
Adding protections for defined benefit pension plans.
