Mr. Speaker, I want to highlight the idea that this capital gains increase is a job-killing tax. According to an economic report cited in BNN Bloomberg, “analysis suggests that favourable tax treatment of capital gains disproportionately benefits the wealthy and does not help the economy.”
In fact, sectors that own the most capital gains, notably “venture capital companies and investment banks, as well as the real estate sector, together made 52.6 per cent of all corporate capital gains reported...between 2018 and 2022. Meanwhile, these sectors shed nearly 5,000 jobs during that time period.”
I am just trying to reconcile the member's comments with these statistics.