Prior to 1971, Canada didn't have a capital gains tax. We had an inheritance tax. There have been proposals over the years to create a rollover provision for capital gains tax that, as long as you invested within six months, you wouldn't have to pay capital gains tax until, ultimately, the divestiture of the investment. During that period, you could invest in several cycles, in different asset classes. Do you think in general we should look at possible reform of our capital gains tax system to encourage more investment and capital accumulation and also to help Canadian individuals and businesses strengthen the productivity of the country?
On October 18th, 2011. See this statement in context.