Contentious capital gains tax change to face vote at Canada's House of Commons

The federal government is ready to proceed with a controversial tax hike announced in the April budget. It applies to capital gains above $250,000 — capital gains are the profit made on the sale of stocks, investment properties or a business.

Some professionals like doctors and lawyers are against the hikes, citing retirement planning concerns.

But as David Akin reports, the Liberals may be more concerned about scoring political points over the opposition.

#GlobalNews

[SomjingCarter]

When are we going to kick all these crooked out of parliament for good?? . I am sick and tired to see Miss Freeland made fun of Canadian when she is talking .

[shawnw]

It is so disingenuous and insulting to say this is a tax on the rich for the sake of ‘fairness’. The liberals have spent uncontrollably and blown so much money but now we are having to tax hard-working Canadians more just to try and cover the interest payments on the deficit.

[MrBobbyBrown]

I will never vote Liberal or NDP anytime in the next 20 years, due to their incorrect actions and inactions over the last 3-5 years.

[markskids]

The sucking sound of capital leaving Canada is about to get louder. Peasants moving in by the millions. Investers moving out.

[JamesGaudet-hj]

Too bad the NDP will do what Trudeau tells them... for once it would be nice to see them put Canadians first --- it is investments that build economies - not welfare, handouts.

[svenhodaka]

I think paying tax on 50% of capital gains is more than enough to give up. Especially since you were already taxed on the money that you spent on that investment in the first place. Enough already! The Liberals are way past their “best before” date. It’s time for them to be gone! We need some fiscal responsibility in Ottawa.

[puhhaka]

You vote that tax in and your party is dead to me

[hdf]

If this is a tax on the rich, why not put this tax in the 3rd or 4th property ? No, they decided to tax small families that might a have a 2nd property as retirement plan.

[lindsaymclaren]

How many M P s have foreign bank accounts

[sp]

Conservatives will do the right thing and vote against this proposal. They won't lose any political points by doing this - quite the opposite, they'll gain some. Because by now the majority of Canadians understand how incompetent this government is.

[annagarant]

Leave my capital gains alone. Another way to get more money off the backs of Canadians. We need an election now!!!!

[jamessykes]

Name anything they've done that has made Canada better?
You can't.

[missmulalonde]

Who is going to built homes for the needy, we are being strangled on both sides... get the liberals out of government...asap

[butternutyeeetsbanana.-.]

Oh wow, now we have to be punished for wanted to buy/sell a house.

Man this sucks.

[ericperron]

the government solution to everything is taxes, taxes and more taxes.

[DreDiego]

More investors are leaving Canada.. not worth the cost to come to Canada 🇨🇦...

[RickTee-efhs]

What is will do is turn away all professionals that the poor people without any services in the country. No new buildings, factories, businesses and banks. No accountants and bankers, engineers, high tech workers, lawyers business men, healthcare professionals. Because they at one point in their life will invest their earnings. Now they will go south and live happily after. What will the government tax in the future? Poor people left in the country?
If this legislation passed, I think the Federal Liberal Party will be demised as the Ontario Liberal Party. I really hope so.

[bertgummer]

Here’s a better idea, eliminate capital gains taxes in their entirety for everyone

[manfestiondaily]

What a disgrace, these 🤡 should be in the jail, freeland 🗑️

[shawncooper]

It takes so much work to be a lawyer or Dr. This will just push more Dr away from working in Canada. Good grief.