Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Canada's tech sector is expressing strong opposition to the proposed increase in the capital gains tax rate from 50% to 66% for individuals with over $250k in capital gains annually, as outlined in the 2024 budget. Policy experts are divided on whether this change will benefit or harm economic investment and productivity. Concerns are raised about the potential negative impact on the attractiveness of Canada for companies and the overall momentum of the sector.
"The proposed capital gains tax increase makes Canada less attractive and companies less sticky. Given where the sector is and where it can go, now is not the time to undermine its momentum," writes @BiotechCasey #cdnpoli #Budget2024 https://t.co/cgsiaPhZWF
What is changing about Canada's capital gains tax and how does it impact me? https://t.co/GCVkXqgVox
An appropriate ask of Canada’s most wealthy? Or a change that will deter economic investment and productivity? Policy experts are split on how raising the capital gains inclusion rate will impact Canadians #cdnpoli #Budget2024 https://t.co/JzmuGdAOvD
