Gains change a capital idea

The macro result of these preferential tax policies is that wealth inequality has ballooned, and contributed to our political instability and revolts.

If Finance Minister Chrystia Freeland’s capital gains inclusion rate change that went into effect on June 25 brings down wealth inequality as intended, that can only be a good thing, writes Erica Ifill.The Hill Times photograph by Andrew Meade

Opinion

BY ERICA IFILL

June 26, 2024

OTTAWA—I have never seen monied (white) people lose their collective minds like this over paying more in taxes. Let’s remember this is the group that has been allowed beneficial tax incentives to support their wealth growth for decades.

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