The federal government has deferred its proposed capital gains tax hike from June 2024 to January 2026, pushing the contentious policy onto the next administration. Finance Minister Dominic LeBlanc said the move ensures stability for Canadians, but critics argue it prolongs uncertainty.
Industry leaders, including the Council of Canadian Innovators and Canadian Venture Capital Association, warn the delay disrupts investment. Meanwhile, legal challenges are mounting against the CRA’s continued enforcement of an unlegislated tax. With an election looming, opposition parties vow to overturn the changes entirely, amplifying frustration among entrepreneurs and investors.
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