TORONTO - Some of Canada's biggest business lobby groups on Thursday asked Prime Minister Justin Trudeau's Liberal government to scrap a planned tax hike on capital gains, a move they said would stifle growth and investment climate in the country.
"It is outrageous that the federal government has not yet shared draft legislation to allow small business owners and their advisors to understand the full implications of the capital gains changes," Dan Kelly, CFIB president, said in a statement. Several economists and investor groups have said that the increased tax would further deteriorate Canada's productivity and choke investments in key sectors.
John Ruffolo, founder of Maverix Private Equity and part of CCI leadership, told Reuters that the planned hike attacks the very people driving the productivity and innovation in Canada.Trump Attorney Tries Slut-Shaming Stormy Daniels, Gets Zingers In ReturnThe former president took aim at MSNBC’s Lawrence O’Donnell after a day of testimony in his hush money trial."If he doesn’t win this race, it may not be Donald Trump that beats him," suggested former Obama adviser David Axelrod.