e-4994 (Taxation)
- Keywords
- Capital gains tax
- Companies
Original language of petition: English
Petition to the Minister of Finance
- Increasing the capital gains inclusion rate to 66.6% will put Canada and Canadian business at a disadvantage;
- The Canadian Chamber of Commerce estimates that 1 in 5 Canadian companies will be directly impacted by this change over the next decade;
- Former Governor of the Bank of Canada, David Dodge, stated that increasing the inclusion rate would make Canada a “less attractive” place to invest;
- A rise in capital gains taxes would strain healthcare resources, limit access to affordable housing options, exacerbate financial challenges for farmers, and compromise retirement savings for Canadians; and
- Canadian business leaders agree that increasing the inclusion rate would make Canada less competitive and make it more difficult for Canadians to find jobs, including skilled professionals.
- Open for signature
- May 23, 2024, at 3:40 p.m. (EDT)
- Closed for signature
- July 22, 2024, at 3:40 p.m. (EDT)