OTTAWA — The Conservatives say they will oppose new tax measures introduced in the Liberal budget.
The Conservatives have not previously stated their position on the government's plan to increase capital gains taxes to help pay for investments in health care, housing and clean technology.
The written statement didn't contain the words"capital gains," but it used the same language a Conservative spokesman provided when asked about the capital gains motion on Monday. The adjustment means that corporations will start paying tax on two-thirds of their capital gains and individuals will pay it on two-thirds of profits that exceed $250,000. Primary residences will continue to be exempt.
The change is expected to raise $19 billion over five years, and Freeland said that means Canada can make"fiscally responsible" investments that help the middle class, including on health care, home-building, child care and dental care without going deeper into debt.The Conservatives dismiss the Liberals' claims outright.
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