Conservative Party leader Pierre Poilievre has announced a proposal to eliminate Canada’s capital gains tax, aiming to encourage investment, foster entrepreneurship, and simplify the tax system. Capital gains tax is currently applied to profits from the sale of assets like stocks or property, with a portion of those profits added to taxable income.
Supporters of the proposal believe it could make investments more attractive, inspire business owners to sell and reinvest in new ventures, and reduce administrative complexity.