Conservative Leader Pierre Poilievre announced his second tax cut of the campaign targeted at investors Sunday, promising to exempt capital gains from taxes if the proceeds are reinvested in Canada.
“The current capital gains tax locks up investment in old assets, because selling them would force a big bill,” Poilievre said in a statement.
“Allowing reinvestments without tax will unlock billions to immediately begin building, hiring, investing and growing.”
The Conservatives say the tax cut, which would be available to investors from Canada Day until the end of 2026, will be made permanent if it’s proven successful at driving economic growth.
They’re being extremely “artful” in the way they keep presenting the standard playbook (tax cuts).
He’s essentially promising a tax deferment, not a tax cut, which isn’t the same thing; from the article, when you reinvest domestically the tax rolls over. For the majority of investors this isn’t an incentive especially when you compare with the performance of other markets or the lack of market diversity and stimulus (look to what CHIPs did for the US semiconductor market). It’s generally for borrowing against money that isn’t yours.
He says unironically still in front of his “Canada First” sign. It’s Diet PP, still with that great Trumpian rhetoric flavor.