Madam Speaker, I rise to present a petition. The petitioners call on the government and the Minister of Finance to scrap plans to increase the capital gains inclusion rate to 66.6%. They note that increasing the capital gains inclusion rate will put Canada and Canadian business at a disadvantage. It is estimated that this change will have an impact on one in five Canadian businesses over the next decade. Finally, they note that a rise in capital gains taxes would strain health care resources, limit access to affordable housing options, exacerbate financial challenges for farmers and compromise retirement savings for Canadians.
In the House of Commons on December 3rd, 2024. See this statement in context.