Canadian Chamber Statement on Harmful Uncertainty Relating to Capital Gains

With the recent prorogation of Parliament, the capital gains increase remains an acute concern to Canadians and businesses, who remain unsure how to structure their affairs and whether this measure will be enforced in the future. It is inappropriate—and, by our analysis, unprecedented—for a government to continue to implement a tax change solely based on a Ways and Means motion, with the clear threat of a non-confidence motion and no clear timeline to table legislation. This increased uncertainty compounds the impact of this tax increase in driving away new investment and entrepreneurship from our country at the exact moment we need it most.

Given the likely possibility that this tax increase may no longer be enacted in 2025, it is imperative that the government provide certainty to Canadians and direct the CRA not to enforce this measure until after an election, if at all.  

• 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.   

Media Contact

Rewa Mourad
Public Relations Specialist
rmourad@chamber.ca