National

Capital gains reversal if party forms govt: Poilievre

Darpan News Desk The Canadian Press, 16 Jan, 2025 01:58 PM

Federal Conservative Leader Pierre Poilievre says he will reverse an increase on the capital gains tax introduced last June if his party forms the next government.

Speaking in Tsawwassen today at the site of a housing development under construction, Poilievre says the Liberal governments changes in the capital gains tax changes have stunted job creation, while funding handouts to large businesses and corporations.

BREAKING: I am announcing today common sense Conservatives will reverse last June’s Liberal tax hike on capital gains—a tax economists agree will kill 400,000 jobs.

This Liberal jobs tax was a bad idea before President Trump’s tariff threat, it is outright insanity now.

AXE… pic.twitter.com/UfTPRo8KBk
— Pierre Poilievre (@PierrePoilievre) January 16, 2025

Poilievre says the Trudeau Liberals have hamstrung Canada’s ability to negotiate with incoming U-S president Donald Trump on his tariff threat, noting the lack of pipelines and energy plants that have forced Canadian energy exports to rely heavy on the United States.

Poilievre also says he has ordered his staff to “stay away” from TikTok due to the social media platform’s risk of infiltration by what he described as a “hostile regime” in China. (The Canadian Press)

Prev Next

MORE National ARTICLES

Israel increases strikes on Gaza ahead of expected ground invasion

Israel has escalated its bombardment of targets in the Gaza Strip ahead of an expected ground invasion against Hamas militants. The stepped-up attacks, and the rapidly rising death toll in Gaza, came as Hamas released two elderly Israeli women who were among the hundreds of hostages it captured during its devastating attacks on towns in southern Israel earlier this month.

Israel increases strikes on Gaza ahead of expected ground invasion

Macklem warned premiers about dangers of putting BoC's independence at risk

Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence. The premiers of Ontario, British Columbia and Newfoundland and Labrador wrote to Macklem ahead of the Bank of Canada's Sept. 6 rate decision, outlining concerns about the effects of higher rates on their residents and asking the central bank not to raise its key rate further.

Macklem warned premiers about dangers of putting BoC's independence at risk

Canada's defence minister says Hamas a threat to world, must be 'eliminated'

Defence Minister Bill Blair says Hamas is a terrorist organization that is a threat to the whole world and must be "eliminated." Blair also says he has no expectation that Hamas would respect international law, including any agreement on a ceasefire.

Canada's defence minister says Hamas a threat to world, must be 'eliminated'

Grocers called back to Parliament to testify about plans to stabilize prices

A House of Commons committee is asking the heads of Canada's major grocery chains to appear before MPs and explain their plans to stabilize food prices. The agriculture committee passed an NDP motion on Thursday to invite the grocery executives, or summon them if necessary, to testify about the measures their companies are taking to address food inflation.

Grocers called back to Parliament to testify about plans to stabilize prices

Over 1600 weekend incidents: VPD

Vancouver police say officers responded to more than one-thousand-600 incidents over the weekend, fuelled in part by multiple demonstrations across the city. Sergeant Steve Addison says recent geopolitical events have driven the protests, and police will continue to deploy extra officers to manage the situations as they arise.

Over 1600 weekend incidents: VPD

Pedestrian death in Kelowna

Mounties are investigating the death of a pedestrian who was struck by a vehicle in Kelowna's Rutland neighbourhood over the weekend. Police say they believe the death on Saturday afternoon is related to an earlier event where officers responded to a complaint of a group of teens using bear spray on people.