Canadian business groups urge government to scrap capital gains tax hike

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Explore stories from Atlantic Canada.

What's different a year after the wildfires? | SaltWire #novascotia #firefighting #wildfires #newsTORONTO - 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.

The Council of Canadian Innovators and Canada Federation of Independent Business, are the latest business groups to urge Finance Minister Chrystia Freeland to reverse the decision. Doctors, mining companies and others previously objected to the tax plan. "We are calling on the federal government to scrap this disastrous tax hike on investment, and listen to the innovators who are trying to create a more prosperous future for every generation," the CCI added.

Several economists and investor groups have said that the increased tax would further deteriorate Canada's productivity and choke investments in key sectors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian business groups urge government to scrap capital gains tax hikeExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »