OPINION: Capital gains tax hike would hurt many Canadians — not just the rich
A key consideration in any serious discussion about taxes is what the general public — specifically voters — will support. This is the main reason why Ottawa has not raised the GST. It’s also why advocates for higher taxes often favour tax hikes on businesses, high-income earners and capital gains. Many Canadians assume such taxes are not paid by them and have no effect on their well-being.