Could Kamala Harris' proposal to tax unrealized capital gains be adopted in Canada?

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Could Kamala Harris' proposal to tax unrealized capital gains be adopted in Canada?
Capital GainsKamala HarrisCapital Gains Tax
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The plan has come under fire for both political and practical reasons

Democratic presidential nominee, U.S. Vice President Kamala Harris , made a campaign stop at the Throwback Brewery on September 4, 2024 in North Hampton, New Hampshire. for the wealthiest Americans. — and raised questions about whether the policy could make its way to Canada.

What’s more, critics say, simply administering the new tax regime would be complex and cumbersome. For starters, taxpayers with wealth greater than the threshold would be required to report to the IRS the estimated value of their assets, by specified asset class, and the total amount of their liabilities.

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