
Carney’s win kills Liberals’ much-delayed plan to change capital gains tax
OTTAWA — Mark Carney’s victory in the Liberal leadership race puts the final nail in the coffin of Ottawa’s controversial plan to hike the inclusion rate on capital gains.
When they tabled their budget last spring, the federal Liberals presented the plan to change capital gains as a way to get wealthy Canadians and corporations to pay more — but the plan has faced a series of delays ever since.
Tax expert Jamie Golombek of CIBC says the capital gains changes are still causing “confusion” during this tax season, even though the higher inclusion rate won’t be in play.
Carney confirmed in his victory speech on Sunday that he would kill the planned capital gains hike.