Poilievre pledges to roll back capital gains tax hike, retaliate against Trump tariffs
- Pierre Poilievre, Conservative Party Leader, pledged to cancel the capital gains tax hike if elected, citing job loss concerns and U.S. Tariff threats.
- The capital gains tax hike, announced in Budget 2024, was approved by the House of Commons and is projected to raise $17.4 billion in revenue.
- Opposition parties may trigger a non-confidence vote, and the new Liberal Party Leader could call for an election before the tax's enforcement.
- The C.D. Howe Institute estimated that the tax hike could reduce GDP by $90 billion and lead to the loss of 414,000 jobs in Canada.
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Total News Sources0
Leaning Left15Leaning Right5Center1Last UpdatedBias Distribution71% Left
Bias Distribution
- 71% of the sources lean Left
71% Left
L 71%
R 24%
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