Philip Lawrence at the Government Operations and Estimates Committee

On June 17th, 2024. See this statement in context.

June 17th, 2024 / 11:05 a.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

I want to talk to you a little bit about the capital gains and the revenue expected. Former Liberal finance ministers like Mr. Manley have contemplated that, when they brought down the capital gains exemption from 75% to 50%, they saw an increase in revenue.

Isn't it possible that, even though the rate goes up, the revenue may stay flat or even decline because of the dynamics of the economy?

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