Canadian Chamber Statement Regarding the Tabling of Capital Gains Legislation

This tax increase is the latest in a series of new taxes and red tape that build uncertainty, stifle investment and signal to the world to do business elsewhere.

Our tax system has become a complicated, politicized web of carve-outs and caveats. We need to end our reliance on tax-and-spend politics, which is undermining innovation and growth, and undercutting future generations.

Canada needs a simple, fair and principled tax system that works in the best interests of Canadians. Which is why we are urging all political parties to commit to a comprehensive, independent review of Canada’s tax system.

While these capital gains increases continue to be defended as a matter of generational fairness, generational fairness should consider the actions we are taking today at the expense of our future prosperity and economic opportunity

Jessica Brandon-Jepp, Senior Director, Fiscal and Financial Services Policy

About the Canadian Chamber of Commerce — The Future of Business Success
The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success and impact on business and economic performance.

Contact
Karl Oczkowski
Senior Director, Corporate Communications and PR
613.238.4000 (2231)
koczkowski@chamber.ca