OPINION: Capital gains tax hike would be disastrous for economic recovery

Article Link: https://torontosun.com/opinion/columnists/opinion-capital-gains-tax-hike-would-be-disastrous-for-economic-recovery

As the Trudeau government prepares its 2021 budget, the first in almost two years, policymakers in Ottawa must make important decisions about Canada’s taxes and how best to promote economic growth and prosperity, particularly in light of the COVID recession. Facing a large budget deficit due to record levels of spending, the government seems focused on finding new ways to raise revenue including rumoured hikes to capital gains taxes—a move that would be disastrous for Canada’s economic recovery.