The Liberal government tries to capitalize on capital gains

Ottawa bureau chief Stuart Thomson talks to National Post reporter Ryan Tumilty about this week's federal budget and the political reaction.

[victorlee]

I am a millennial. My parents were planning to sell their cottage and give the proceeds to me and my 2 siblings to use as down payment. Now, my parents are labelled as ultra rich and they will be taxed to death. Me and my 2 siblings will never be able to buy a property. My whole family will vote Conservatives.

[Caminator]

he taxed us peasant's to the max
now he has to go after the rich

[platinecoiffure]

It does not only affect the very wealthy, it affects anyone who invested years ago in a revenue property and now when they sell it at retirement they will be hit for working and being responsible citizens! Get someone who knows what they’re talking about next time and not some Trudeau mouthpiece!

[guigram]

More debt than all previous PMs in Canadian history combined! It's insane!

[LaurentiusTriarius]

Another kick in the balls of the dying and overstrung middle class. This government need to go ASAP

[soulcan]

To anyone who says, the rich people with money should pay more in taxes, are being ignorant.

Canada is / was a capitalist country. If you work hard and you make it by owning a big business or making very good investments you shouldn’t have to fork over a large part of your money in taxes because the government has completely mismanaged the country and needs 20 Billion from somewhere to help fund a housing crisis that THEY, the government, created.

That is why they are adding this significant tax to the wealthy, to help pay for their prefabricated housing divisions so people under 40 can afford a down payment on a prefabricated home.

So because the Trudeau government is so inept at managing immigration, infrastructure, the economy and housing, they now have to STEAL (tax) the wealthy significantly more to help and try to make up for their blunders.

How one single person can completely destroy a country in 8 years is truly mind boggling.

Once this sad excuse for a PM is finally gone, it will take a generation to fix the economy, housing, infrastructure and deficit IF it will even be able to be fixed.

Justin Trudeau could not even run a lemonade stand, much less a country.

And he is still shovelling bags of money as well as military weaponry and support at a proxy war on the other side of Europe over territory that has been fought over and gone back and forth on for hundreds of years! 13.3 BILLION and counting / plus more already committed through 2029!

Unbelievable.

[layne]

Trudeau's net worth went up from about $1.7M when he took office to about $60M today. I wonder if he is going to pay taxes on the capital gains?

[liberalManifesto]

Trudeau must go... I hate his spending and luxurious life style on tax payers money

[FaithUp]

Extremely frustrating as a Canadian. Waiting to leave this horrible fallen country. If we all do, whose money will you collect? Bastards.

[suemulligan]

NDP will be down to very few seats after the next election if NDP supports budget 2024, Canadians do remember who is playing with our life by propping up the Liberal minority government.

[earlkitsch]

I am sure Trudeau’s net worth of 100 million is in a tax haven hypocrite 😂

[davethusberg]

It is not true that this is about taxing wealthy people. Any home disposed in an estate is now taxed more. This affects every type of Canadian household.

[drkomeg]

CANADA IS BROKE, go to the bank and try to take out 5+ thousand i just saw a kid the other day cant take out 3k to buy a car cash, its comin canada we are the next greece when they went broke WE ARE SCREWED !

[buck_up]

These 40, 000 individuals and 12% of corporations will just leave Canada and we will lose jobs.

[alexbosorogan]

You dear journalist are very wrong at 0:58 say that this capital change apply to only very few Canadians less than 1%. Au contraire, it applies to every person whom worked hard and has an extra property in GTA or GVA or any second property sold from sea to sea to sea This is abusing and rip off the people that worked a life time for an asset to just see their pension stolen from them. It has very little to do with only 40 individuals or 200 corporations. The message propagated to the foreign investors is a disaster as well.

[loulinaz]

That will affect businesses, which lead to more layoff and more issues😢

[AlbertaBoy]

Jagmeet Singh will vote to keep his pension. He is maybe the second most unscrupulous politician in Canada, if only because Trudeau is in office.

[henryvanderbeek]

The rich will just leave so the government collects a few dollars..but then those wealthy take their money, their businesses and knowledge with them and they leave for better is goes where it's

[flyovercountry]

This country has turned into a hellscape. Can’t afford to live here anymore this is nuts

[davemcd]

he prophetized it all by spewing 'Canada Belongs to this it is OBVOIUSLY coming true, just what WILL Canadians DO about it?