Taxation without legislation is ‘customary’ for governments, but ‘risky’ in minority Parliament, says budget watchdog
The legislative process ‘will not affect’ the June 25 coming-into-force date of changes to the capital gains tax, says an official in Finance Minister Chrystia Freeland's office.
The government can raise taxes before passing legislation—something the Liberals look poised to do for their coming changes to the capital gains tax—but that doesn’t mean it’s a good practice, say some former top Finance Canada officials.
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