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Freeland and Gould, Liberal Leadership Contenders, Pledge to Eliminate Increase in Capital Gains Tax

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Both Karina Gould and Chrystia Freeland, contenders for the Liberal leadership, have committed to eliminating the capital gains tax increase if elected as party leader.

Chrystia Freeland, former Finance Minister and Deputy Prime Minister, discussed her plans regarding capital gains during a press scrum on Jan. 23, emphasizing the need for changes in response to global shifts, including the election of U.S. President Donald Trump.

She highlighted the importance of adjusting policies to attract foreign investments following Trump’s approach, stating, “We must make a lot of changes to be ready to succeed when the time comes.”

Meanwhile, the proposed capital gains exclusion rate increase was not approved by the House of Commons, but the Canada Revenue Agency still plans to administer the tax at a higher rate.

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Freeland, Gould Reveal Carbon Tax Stance as Liberal Leadership Contest Gets Underway

Joly Endorses Mark Carney fro... </div> </p></div> <p>Karina Gould also expressed her views on the capital gains tax in a press briefing, criticizing the government’s handling of the increase in 2024, especially its impact on the tech sector.</p> <p>She emphasized the need to foster growth and entrepreneurship, promising further details on her stance regarding the capital gains increase in the near future.</p> <p>Gould pointed out the inadequacies in the government’s response to post-COVID-19 challenges, stressing the importance of rebuilding trust with voters by listening to their concerns about inflation, housing, and food prices.</p> <p>She called for a more democratic approach within the Liberal Party, advocating for increased member involvement through policy conventions, decentralized party structures, and reinstating the role of national youth director.</p> <p>Furthermore, Freeland highlighted the importance of revitalizing the party’s grassroots foundation and promoting a more democratic decision-making process within the Liberal Party.</p> <p>Both Gould and Freeland have distanced themselves from the federal government’s carbon tax, which has faced backlash from many Canadians for being unpopular.</p> <p>Freeland acknowledged the lack of resonance of the carbon tax with Canadians and emphasized the need to listen to their feedback, while Gould announced plans to cancel the upcoming carbon tax hike, aligning the policy more closely with Canadians’ preferences and values.</p> <div class=Mark Carney, another top contender in the Liberal leadership race, also rejected the carbon tax during his campaign launch on Jan. 16, suggesting the need for an alternative policy that effectively reduces emissions while supporting Canadians facing cost-of-living challenges.



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