Taxpayers force government to end capital gains tax hike
Canada ranks 31 out of 38 OECD countries on individual tax competitiveness, and 26th on business tax competitiveness, according to the Tax Foundation. Canada ranks behind the U.S. on both measures
By News on the Net -- Franco Terrazzano CTF Federal Director—— Bio and Archives--March 21, 2025
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OTTAWA, ON: The Canadian Taxpayers Federation welcomes the reversal of the government’s proposed capital gains tax hike and is calling on all party leaders to commit to further tax relief.
“The government should never have attempted to hit Canadians with this financial sucker punch,” said Franco Terrazzano, CTF Federal Director. “This government is finally cleaning up its own mess, but it owes an apology to doctors, entrepreneurs, accountants and people saving for their retirement for all of the uncertainty and costs inflicted by this failed policy.”
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