Capital gains proposal to be presented to Parliament on Monday, Freeland says
The Liberal government plans to take the first legislative step Monday toward increasing the inclusion rate on capital gains.
Finance Minister Chrystia Freeland flagged the timing Sunday, saying the government is taking action to improve tax fairness for Canadians.
Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation.
The government proposes to make two-thirds of capital gains taxable.