{"id":440883,"date":"2025-03-13T06:05:55","date_gmt":"2025-03-13T10:05:55","guid":{"rendered":"https:\/\/canada.constructconnect.com\/?p=440883"},"modified":"2025-03-12T14:21:37","modified_gmt":"2025-03-12T18:21:37","slug":"carneys-win-kills-liberals-much-delayed-plan-to-change-capital-gains-tax","status":"publish","type":"post","link":"https:\/\/canada.constructconnect.com\/dcn\/news\/government\/2025\/03\/carneys-win-kills-liberals-much-delayed-plan-to-change-capital-gains-tax","title":{"rendered":"Carney’s win kills Liberals’ much-delayed plan to change capital gains tax"},"content":{"rendered":"<p>OTTAWA \u2014 Mark Carney’s victory in the Liberal leadership race puts the final nail in the coffin of Ottawa’s controversial plan to hike the inclusion rate on capital gains.<\/p>\n<p>When they tabled their budget last spring, the federal Liberals presented the plan to change capital gains as a way to get wealthy Canadians and corporations to pay more \u2014 but the plan has faced a series of delays ever since.<\/p>\n<p>Tax expert Jamie Golombek of CIBC says the capital gains changes are still causing “confusion” during this tax season, even though the higher inclusion rate won’t be in play.<\/p>\n<p>Carney confirmed in his victory speech that he would kill the planned capital gains hike.<\/p>\n<p>The new rules would have seen Canadians pay more tax on capital gains earned over $250,000 in a year, while businesses would have paid the higher amount on all capital gains.<\/p>\n<p>Tech leaders argue the capital gains hike discouraged entrepreneurs from taking risks and building their businesses in Canada.<\/p>\n<p>Council of Canadian Innovators CEO Benjamin Bergen says the rollback of the capital gains change is a good move, but the damage has been done to Canada’s reputation in the tech sector.<\/p>\n<p style=\"text-align: center;\"><strong>\u00a92025 The Canadian Press<\/strong><\/p>\n<div class=\"cc-elementor-widget-container print-hidden align\">\t\t<div data-elementor-type=\"section\" data-elementor-id=\"433995\" class=\"elementor elementor-433995\">\n\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fbdb867 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fbdb867\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7e91ba7\" data-id=\"7e91ba7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1deef73 elementor-widget elementor-widget-html\" data-id=\"1deef73\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div style=\"display: flex; justify-content: center;\">\n <div class=\"hs-cta-embed hs-cta-simple-placeholder hs-cta-embed-186398762364\"\n style=\"max-width:100%; max-height:100%; width:600px;height:350px\" data-hubspot-wrapper-cta-id=\"186398762364\">\n <a href=\"https:\/\/cta-service-cms2.hubspot.com\/web-interactives\/public\/v1\/track\/redirect?encryptedPayload=AVxigLJj85X1ZVpbimjw6Rs3lsAjOINzz0wHurdzjGvqzyGwEav2ixtmLs9ZBBYUrlXumobKX0n8cEqlTMm81JUyqJfOKq%2BUpR3q1nTL5nFLucMMbr3XEHncAsXSxEu4p67F3lRXJNAVkPAsOfV9PqN%2Fq53AfRAglbl6Ta8xuoFNcjr%2BsEdL1%2FmW8gR94Kmcg6nAif8mNA6D52B9Wi8EFzuEkkRnpJYIeci1Hg%3D%3D&webInteractiveContentId=186398762364&portalId=2347101\" target=\"_blank\" rel=\"noopener\" crossorigin=\"anonymous\">\n <img alt=\"600X350_New\" loading=\"lazy\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/2347101\/interactive-186398762364.png\" style=\"height: 100%; width: 100%; object-fit: fill\"\n onerror=\"this.style.display='none'\" \/>\n <\/a>\n<\/div>\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA \u2014 Mark Carney’s victory in the Liberal leadership race puts the final nail in the coffin of Ottawa’s controversial plan to hike the inclusion rate on capital gains. When they tabled their budget last spring, the federal Liberals presented the plan to change capital gains as a way to get wealthy Canadians and corporations […]<\/p>\n","protected":false},"author":31,"featured_media":314843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"saved","_expiration-date":1773424560,"_expiration-date-type":"delete","_expiration-date-categories":[],"_expiration-date-options":{"expireType":"delete","id":440883}},"categories":[10],"tags":[26397,53075,4028,22088],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Carney's win kills Liberals' much-delayed plan to change capital gains tax<\/title>\n<meta name=\"description\" content=\"Mark Carney's victory in the Liberal leadership race puts the final nail in the coffin of Ottawa's controversial plan to hike the inclusion rate on capital 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