Canadian Chamber Statement on the Conservative Party’s Commitment to Reversing the Capital Gains Tax Hike

For months, the Canadian Chamber of Commerce has been warning that the Government’s increase to the capital gains inclusion rate is bad for business. We are seeing the effects of this tax increase now, as Canadians struggle to make decisions ahead of tax season. This is only compounded by the fact that, with prorogation, the CRA lacks clear legislative authority to implement this tax.

At such a sensitive time for Canadians and our businesses, we’re happy to see the Conservative Party of Canada commit to reversing this tax increase to the Capital Gains Inclusion Rate, if elected. Reversing this tax increase will help to bolster investment and entrepreneurship, and signal to the world that Canada is open for business. We encourage the federal government and other political parties to also commit to not implementing this tax

• 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

Shane Mackenzie
Vice President, Media and Stakeholder Communications
613.302.7683
smackenzie@chamber.ca

Rewa Mourad
Public Relations Specialist
rmourad@chamber.ca