Reported 22 days ago
Conservative leader Pierre Poilievre has announced plans to eliminate capital gains taxes on proceeds from asset sales if the funds are reinvested in Canada. The proposal includes tax deferrals for businesses reinvesting in active Canadian enterprises, aimed at encouraging domestic investment amidst economic challenges posed by trade tensions with the US. The tax incentives will apply from July 2025 through the end of 2026, and Poilievre's initiative follows a prior commitment to offer additional tax-free savings for Canadians investing locally.
Source: YAHOO