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

Conservative leader hasn香蕉视频直播檛 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 Liberals香蕉视频直播 proposed changes to capital gains taxation.

But even as he characterizes their plan as an 香蕉视频直播渁ttack,香蕉视频直播 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 香蕉视频直播 a trend Prime Minister Justin Trudeau, who has long relied on voters under 40, is hoping to reverse.

Last month香蕉视频直播檚 budget focused heavily on tackling housing affordability. Freeland and Trudeau framed the spending plan as being about 香蕉视频直播済enerational fairness.香蕉视频直播

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 won香蕉视频直播檛 say.

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香蕉视频直播淐ommon sense Conservatives will vote against Justin Trudeau香蕉视频直播檚 inflationary budget,香蕉视频直播 spokesman Sebastian Skamski said in a statement.

香蕉视频直播淭he legislation you are asking about doesn香蕉视频直播檛 exist yet due to Justin Trudeau香蕉视频直播檚 incompetence, so it香蕉视频直播檚 impossible for us to weigh in on the matter.香蕉视频直播

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 香蕉视频直播渇air share.香蕉视频直播

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.

香蕉视频直播淚t香蕉视频直播檚 obvious the Liberals are making up their 香蕉视频直播榗ornerstone policy香蕉视频直播 on the fly,香蕉视频直播 Skamski香蕉视频直播檚 statement said.

He added that 香蕉视频直播淭rudeau香蕉视频直播檚 wealthy friends香蕉视频直播 won香蕉视频直播檛 pay a cent more, and 香蕉视频直播渨orking and middle class Canadians香蕉视频直播 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 香蕉视频直播渁ttack香蕉视频直播 businesses and entrepreneurs are facing at the feet of corporate leaders themselves, writing that their approach of sucking up to Trudeau香蕉视频直播檚 Liberals hasn香蕉视频直播檛 worked.

香蕉视频直播淭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,香蕉视频直播 Poilievre wrote last Friday in the National Post.

香蕉视频直播淚f you want to stop Trudeau香蕉视频直播檚 latest tax hikes, don香蕉视频直播檛 talk to politicians about it, talk to the people.香蕉视频直播

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

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

Poilievre香蕉视频直播檚 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.

香蕉视频直播淥bviously, my future government will do exactly the opposite of Trudeau on almost every issue,香蕉视频直播 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 it香蕉视频直播檚 still a 香蕉视频直播渉ypothetical香蕉视频直播 matter.

He argued that hiving off changes to the capital gains taxation regime from the budget implementation bill amounts to a 香蕉视频直播渇lip-flop香蕉视频直播 by the Liberals.

And while Poilievre didn香蕉视频直播檛 lay out what he might do next, he panned the measure as ineffective.

香蕉视频直播淲hat is clear is that it won香蕉视频直播檛 affect the rich, because the rich are just selling their assets now before the change takes effect. They香蕉视频直播檙e moving their money over to tax havens 香蕉视频直播 they won香蕉视频直播檛 pay a penny more,香蕉视频直播 he told Toronto香蕉视频直播檚 CP24.

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Stephanie Taylor, The Canadian Press