Economists, businesses question timing of capital gains tax hike as Canada faces productivity challenges

There is a strong historic connection between capital investment and increases in productivity, says economist Trevor Tombe.

Finance Minister Chystia Freeland presented Budget 2024 which proposed changes to the capital gain tax inclusion rate. Some business leaders are challenging claims made by the government about the policy’s potential impacts. The Hill Times photograph by Andrew Meade

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BY IAN CAMPBELL

May 9, 2024

Some economists are echoing concerns raised by Canadian business leaders about the Liberal government’s plans to change the capital gains tax, warning the timing is wrong as the country struggles with weak investment and poor productivity—while others say the impact may ...

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