The upcoming election may still be 18 months away, but the Liberal government is already making moves to win over voters of all ages. With a robust $39.3 billion spending plan, the government aims to address housing challenges for younger and older generations, enhance support for Indigenous communities, offer assistance to people with disabilities, and bolster the Canadian military.
To maintain fiscal responsibility while financing these initiatives, Ottawa has set its sights on the investment gains of Canada’s wealthiest individuals. One significant measure is an increase in the capital gains tax, projected to generate over $19 billion in revenue over the coming years.
