FIRST READING: The unintended consequences of the capital gains hike are starting to pile up nationalpost.com/opinion/first-…
“Only 0.13% of Canadians — with an average annual income of $1.4 million — will pay more on their capital gains,” Freeland said in her April 16 budget speech. Just on doctors alone, Freeland is wildly "misinformed" by the number of CDNs affected by the capital gain increase The CMA estimates that more than 60,000 docs have a professional corporation The increase in capital gains tax will negatively affect all of them. Plus>
@nationalpost How much of that capital gain is the result of inflation? Much of the "profit" has already been devalued
@nationalpost It’s almost like they don’t know what they are doing.
@nationalpost The desperate Liberals cannot bring themselves to worry about such things. They have to turn their electoral fortunes around.
@nationalpost Who could’ve seen that coming tho?
@nationalpost Won't anybody think of the cottage owners and doctors. How are they going to buy groceries.
@nationalpost Trudeau and Freeland haven't considered the full consequence of their grab for money. The carbon tax is a prime example as it is compounded at several levels as product moves through multiple steps before reaching the consumer. The added capital gain tax will further impact us.