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

Slocan region in Interior B.C. evacuated due to multiple wildfires

The mayor of Slocan says the skies were filled with ominous thick smoke while she drove out of her community that's now under an evacuation order as wildfires burn on either side. Jessica Lunn says most of Slocan's approximately 370 residents had already left Sunday morning, as she and her family evacuated and firefighters set up sprinklers to protect structures and prepared to pump water from the nearby lake.

Slocan region in Interior B.C. evacuated due to multiple wildfires

Walmart closes after fire

A Walmart in East Vancouver has been closed after a fire that appears to have been deliberately set Saturday caused millions of dollars of damage. A Facebook post from the store on Grandview Highway says all employees and costumers are safe but calls the incident "shocking, dangerous and shameful."

Walmart closes after fire

B.C. tree fruit grower co-operative shuts down after 88 years, citing low volume

Weather this winter wiped out almost all of B.C.'s peaches, apricots and nectarines for the year and severely damaged cherry orchards. In mid-January, the Interior saw several days of frigid temperatures that killed off active buds in trees that had only just begun to recover from the 2021 heat dome and had gone through a harsh winter in 2022.

B.C. tree fruit grower co-operative shuts down after 88 years, citing low volume

Four people dead after crash involving semi truck and SUV outside Calgary

Four people are dead after a crash involving an SUV and a semi truck hauling a grain trailer at a rural intersection northeast of Calgary. RCMP say they were called about a crash Friday morning at the intersection of highways 9 and 564 in Rocky View County.

Four people dead after crash involving semi truck and SUV outside Calgary

Vancouver police investigating homicide after two men shot in vehicle

Vancouver police are investigating a suspected homicide after two men were shot in a vehicle, which then collided with two other vehicles. A statement says police were called just before 9 p.m. on Friday to the city’s Sunset neighbourhood.

Vancouver police investigating homicide after two men shot in vehicle

B.C. port employers say foremen's union plans industry-wide strike vote

The BC Maritime Employers Association says it has been told by a lawyer for the foremen's union that an industry-wide strike vote will take place in coming weeks. The employers' group says the lawyer for ILWU Local 514 informed them of the vote this week after a case management meeting with the Canada Industrial Relations Board.