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Poilievre tight-lipped on what party might do with capital gains tax changes

Conservative leader hasn91裸聊视频檛 said whether his government would support the measure or not
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Conservative leader Pierre Poilievre delivers a speech at the Canada Building Trades Union conference, Tuesday, April 30, 2024 in Gatineau, Quebec. Poilievre tells business leaders to fight their own battle against a proposed increase to how capital gains are taxed, his office is keeping tight-lipped about how his own party will vote. THE CANADIAN PRESS/Adrian Wyld

Conservative Leader Pierre Poilievre is telling business leaders to fight their own battles when it comes to the Liberals91裸聊视频 proposed changes to capital gains taxation.

But even as he characterizes their plan as an 91裸聊视频渁ttack,91裸聊视频 his office is keeping tight-lipped about whether or not his party will vote in favour of it.

Finance Minister Chrystia Freeland introduced legislation last week to implement the most recent federal budget that did not include one of its marquee announcements.

Instead, the government is expected to table a stand-alone bill to update the tax system so the wealthiest Canadians and businesses pay taxes on a greater share of their profits.

That means each party will have to stake out a clear position by voting yes or no.

Public opinion polls show younger Canadians increasingly support the Conservatives 91裸聊视频 a trend Prime Minister Justin Trudeau, who has long relied on voters under 40, is hoping to reverse.

Last month91裸聊视频檚 budget focused heavily on tackling housing affordability. Freeland and Trudeau framed the spending plan as being about 91裸聊视频済enerational fairness.91裸聊视频

Poilievre has said the Conservatives will vote against the budget.

But as he pitches himself as a champion of the working class and the one who best understands cost-of-living anxieties, will he support measures that the government says would only affect the very richest Canadians?

His office won91裸聊视频檛 say.

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91裸聊视频淐ommon sense Conservatives will vote against Justin Trudeau91裸聊视频檚 inflationary budget,91裸聊视频 spokesman Sebastian Skamski said in a statement.

91裸聊视频淭he legislation you are asking about doesn91裸聊视频檛 exist yet due to Justin Trudeau91裸聊视频檚 incompetence, so it91裸聊视频檚 impossible for us to weigh in on the matter.91裸聊视频

Trudeau and his ministers have been travelling around the country touting how the measures will require those who earn profits from the sale of assets to pay more of their 91裸聊视频渇air share.91裸聊视频

The Liberals propose making two-thirds rather than one-half of capital gains taxable.

The increase to the so-called inclusion rate would apply to all net profits realized by corporations and those above $250,000 for individuals. They would not apply to the sale of a primary residence.

The government calculates the change would create more than $19 billion in tax revenue over the next five years, helping to fund new spending, including on measures meant to spur housing construction.

91裸聊视频淚t91裸聊视频檚 obvious the Liberals are making up their 91裸聊视频榗ornerstone policy91裸聊视频 on the fly,91裸聊视频 Skamski91裸聊视频檚 statement said.

He added that 91裸聊视频淭rudeau91裸聊视频檚 wealthy friends91裸聊视频 won91裸聊视频檛 pay a cent more, and 91裸聊视频渨orking and middle class Canadians91裸聊视频 will be on the hook for Liberal spending.

Poilievre hinted at his own thinking in a recent opinion piece.

He put what he described as the 91裸聊视频渁ttack91裸聊视频 businesses and entrepreneurs are facing at the feet of corporate leaders themselves, writing that their approach of sucking up to Trudeau91裸聊视频檚 Liberals hasn91裸聊视频檛 worked.

91裸聊视频淭hey had been planning to do nothing except complain and hope their useless and overpaid lobbyists meet Chrystia Freeland or Justin Trudeau to talk some sense into them while the Opposition hounds the government to reverse course,91裸聊视频 Poilievre wrote last Friday in the National Post.

91裸聊视频淚f you want to stop Trudeau91裸聊视频檚 latest tax hikes, don91裸聊视频檛 talk to politicians about it, talk to the people.91裸聊视频

His comments 91裸聊视频 which were heavily circulated by his MPs and other Conservatives on social media 91裸聊视频 are in keeping with the populist message Poilievre has been sending to the business community since becoming leader: he will prioritize everyday people, not 91裸聊视频渃orporate Canada.91裸聊视频

He also warned that that approach will not change should he become prime minister.

Poilievre91裸聊视频檚 opinion piece addressed the concerns professional associations and companies are expressing about the proposed capital gains changes.

It said they should raise such issues directly with their patients and employees.

91裸聊视频淥bviously, my future government will do exactly the opposite of Trudeau on almost every issue,91裸聊视频 he wrote.

Poilievre was asked directly in an interview last week whether a future Poilievre government would repeal or keep the capital gains changes.

He did not specify, saying only that it91裸聊视频檚 still a 91裸聊视频渉ypothetical91裸聊视频 matter.

He argued that hiving off changes to the capital gains taxation regime from the budget implementation bill amounts to a 91裸聊视频渇lip-flop91裸聊视频 by the Liberals.

And while Poilievre didn91裸聊视频檛 lay out what he might do next, he panned the measure as ineffective.

91裸聊视频淲hat is clear is that it won91裸聊视频檛 affect the rich, because the rich are just selling their assets now before the change takes effect. They91裸聊视频檙e moving their money over to tax havens 91裸聊视频 they won91裸聊视频檛 pay a penny more,91裸聊视频 he told Toronto91裸聊视频檚 CP24.

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Stephanie Taylor, The Canadian Press

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