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Capital gains tax debate rages in Parliament: “Promising to tax, borrow and spend us into fairness”

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The debate on the Liberals' stand-alone motion to put a capital gains tax adjustment in place continued in the House of Commons during question period on Tuesday. The debate came after the Conservatives released a statement saying they would oppose the motion."

According to him [Justin Trudeau], the total net-worth of the richest Canadians has doubled since he took office. Meanwhile, nine in 10 middle class Canadians are paying more tax," said Conservative Party Leader Pierre Poilievre.

"There's an opportunity for everyone in this house to stand-up and ask the wealthiest Canadians to pay a little more when they sell extremely profitable investments," Prime Minister Justin Trudeau said. He added "The Conservatives will be protecting the advantage that is there for the wealthiest Canadians."

"Real-world impacts. That's what we have left after nine years of this prime minister promising to tax, borrow and spend us into fairness," Poilievre said.

For more info, please go to https://globalnews.ca/news/10560352/capital-gains-tax-changes-vote-conservatives/

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Category
U.S. & Canada
Tags
global news, Canadian politics, Capital gains tax increase
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