National

Freeland says she's abandoning capital gains tax change because of Trump

Darpan News Desk The Canadian Press, 23 Jan, 2025 02:56 PM

Former finance minister Chrystia Freeland says her promise to repeal changes to the capital gains tax was made in response to Donald Trump's election in the United States.

Freeland is running to be the next leader of the Liberal party and the next prime minister.

She was responding to reports earlier this week that said she'd reverse the capital gains changes she'd once endorsed if she wins the leadership.

We have a fantastic team of Liberals. And I can’t wait to get to work with @viraniarif and @HonAhmedHussen to renew the Liberal Party of Canada and return power to the grassroots.

Sign up to vote. https://t.co/OX0nImMAZ4 pic.twitter.com/JeGe3oUxIc
— Chrystia Freeland (@cafreeland) January 23, 2025

Freeland told reporters in French that her experience renegotiating NAFTA taught her the Trump administration aims to create uncertainty in the world in order to attract investment to the United States.

She said that in light of that threat, Canada needs to change its own policies to respond in the event Trump relaxes capital gains laws in the United States.

The Biden administration had proposed increases to capital gains for 2025.

Prev Next

MORE National ARTICLES

Youth target others with airsoft guns

Police in Abbotsford say officers responded to two separate calls involving youth pointing B-B or airsoft guns at people Friday night. The department shared a photo on social media showing two realistic-looking weapons and two bags of pellets.

Youth target others with airsoft guns

With Conservatives promising to 'defund,' could the next election kill the CBC?

In late 2023, Heritage Minister Pascale St-Onge said it was time for the federal government to redefine what the CBC does and how it does it. A year later — and with a federal election expected sometime this spring — her office is promising the minister will unveil the planned changes to the public broadcaster's mandate in "due course."

With Conservatives promising to 'defund,' could the next election kill the CBC?

Minister makes first trip to Syrian border area after Assad regime ends

During the visit, Hussen announced $17.25 million in funding for humanitarian assistance including clean water and food, protection services, sanitation and health services.

Minister makes first trip to Syrian border area after Assad regime ends

Anita Anand says she will not run for Liberal party leadership or re-election

Liberal cabinet minister Anita Anand announced Saturday that she won’t pursue a bid to replace Prime Minister Justin Trudeau as leader of the Liberal Party of Canada. Breaking the news on social media, the transport and internal trade minister also said she won’t seek re-election as a member of Parliament for her Oakville, Ont., riding, a seat she has held since 2019.

Anita Anand says she will not run for Liberal party leadership or re-election

Trudeau says Trump's comments on 51st state 'flattering' but a 'non-starter'

In an interview that aired Sunday on MSNBC, he said Canada is ready to respond with retaliatory tariffs should president-elect Donald Trump follow through with a threat to impose 25 per cent across-the-board tariffs on imports from Canada and Mexico when he takes office next week.

Trudeau says Trump's comments on 51st state 'flattering' but a 'non-starter'

Minister says dozens of firefighters from Alberta and B.C. to deploy in California

Sajjan says in a social media post that 60 firefighters from the two provinces will be deployed as soon as Monday, and that Canadian officials are working to identify and prepare more resources to send in the days ahead.