Thursday, December 5, 2019

Capital Gains Tax? Just Leave It (Jagmeet, Justin)!

Hopefully such nonsense as proposed by the likes of Jagmeet will not see the light of day, but we have seen crazier things over the last term.  Maybe just maybe logic will prevail, "...Politicians seem determined to equalize the tax rate, so that taxes on dividends and capital gains become more similar. But they don’t get it. An investment in a junior gold mine is dramatically different than an investment in a Canadian bank paying dividends. Risk capital needs to be rewarded, and the low tax rate on capital gains is the best incentive investors have to support small and growing companies. Considering that the mining and energy sectors are still very large parts of our economy, certain segments of the economy could be devastated as risk capital disappears and heads for safer investments that are taxed exactly the same as risky investments..."

http://business.financialpost.com/investing/investing-pro/five-reasons-why-raising-the-capital-gains-inclusion-rate-could-be-devastating-for-the-economy

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