An increase to the capital gains tax does not send an inviting message for business in Canada
57,745
Published 2024-04-16
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All Comments (21)
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In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
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This country already has a horrific productivity and now there will be even less investment, which means lower productivity and lower standards of living in our future. What an awful government!
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As a business owner. Im looking at selling and moving my business.
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It's basically an NDP government, did you really expect it to be pro-business?
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Plan your personal exit strategy ASAP.
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My kids will finish university and i am out of here. Its amateur hour with this Government that is learning on the job. Its heart breaking to hear the government speak with no empathy about what Canadians want. There is no future for thr youth in this country. Its freaking sad.
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Look to Argentina to see what's happening to Canada.
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How do we get rid of Trudeau already? Canada is crumbling...
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their budget has added another $40 billion to our national debt... our annual cost to service the interest on our $1.2 trillion dollar debt is $54 billion!
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My god! This government is going full crazy !
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How soon can we do a NON CONFIDENCE VOTE??
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If Justin Trudeau was one of your employees you would have fired him years ago! And if you worked for a company that had somebody like Justin Trudeau as a boss you would have resigned with a year!
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Canada is on its last legs.
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Getting my investments out of Canada
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Saying this tax only impact 0.12% of Canadians, is like suggesting a tax on marriage and say "only 1% of Canadians get married each year". Obviously number of people doing something in a given year, is a small fraction of number of people that'll do it eventually. Now people will be much more hesitant to make investments if they will be hit with a bigger tax bill
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Less productivity. More taxes. Bigger deficits. How could this possibly end well? Who would want to invest in Canada or start a business?
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Get ready for a 50 cent dollar
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How about going after the people that have No interest in working.
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It seems counter-intuitive for a govt that is committed to bringing in over half a million migrants every year, to be taking steps that drive up interest rates & prompts existing investors to move their capital elsewhere
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Non confidence emergency vote is needed. This country is becoming more socialist by the month.
