Mr. Speaker, I want to share another quote: “the wealthiest 1% who own the most expensive and luxurious real estate and have in their portfolios the most stocks and bonds...will continue to see their net worth expand, having done nothing, by the way, to deserve that expanded net worth.” That is a quote from the member for Carleton, but that was when he was being a fake populist. When they sell those assets, they accrue a capital gain. We think more of it should be taxed.
In the House of Commons on June 12th, 2024. See this statement in context.