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e-4994 (Taxation)

E-petition
Initiated by Shelly Nichol from St. Albert, Alberta

Original language of petition: English

Petition to the Minister of Finance

Whereas:
  • Increasing the capital gains inclusion rate to 66.6% will put Canada and Canadian business at a disadvantage;
  • The Canadian Chamber of Commerce estimates that 1 in 5 Canadian companies will be directly impacted by this change over the next decade;
  • Former Governor of the Bank of Canada, David Dodge, stated that increasing the inclusion rate would make Canada a “less attractive” place to invest;
  • A rise in capital gains taxes would strain healthcare resources, limit access to affordable housing options, exacerbate financial challenges for farmers, and compromise retirement savings for Canadians; and
  • Canadian business leaders agree that increasing the inclusion rate would make Canada less competitive and make it more difficult for Canadians to find jobs, including skilled professionals.
We, the undersigned, citizens and residents of Canada, call upon the Minister of Finance to scrap her plans to increase the capital gains inclusion rate to 66.6% so that Canadian businesses are not put at an unfair disadvantage.
Open for signature
May 23, 2024, at 3:40 p.m. (EDT)
Closed for signature
July 22, 2024, at 3:40 p.m. (EDT)
Photo - Michael Cooper
St. Albert—Edmonton
Conservative Caucus
Alberta