Mr. Speaker, what will be in the law is that anyone who makes a capital gain over $250,000 in a given year, the first $250,000 being exempt, 50% inclusion rate, will pay 66%. That is less than what Brian Mulroney asked them to pay. It gets us closer to the fairness that is being asked for by the electricians, the farmers, the teachers, the nurses, the fishers, the people in Canada who expect us to stand up for tax fairness, and against that.
In the House of Commons on June 12th, 2024. See this statement in context.