Conservatives oppose Liberal tax changes that include adjustment to capital gains tax
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Posted Jun 11, 2024 12:01 pm.
The Conservatives say they will oppose new tax measures introduced in the Liberal budget.
The comments come just hours before the House of Commons is set to vote on a Liberal motion to make Canadians who make a profit from selling assets pay more capital gains tax.
The Conservatives did not state their position on the capital gains adjustment before today.
The Liberals call it a fairness tax to make wealthier Canadians pay their fair share.
Conservative Leader Pierre Poilievre says in a statement that it’s not going to harm billionaires but will affect farmers, small businesses and doctors.
He says he would create a “tax reform tax force” within 60 days of becoming prime minister that would simplify tax rules, cut taxes and reduce corporate welfare.