For the third time in seven days the House of Commons will vote on a confidence measure on Wednesday, but this one comes from the government itself.
Business Matters: Capital gains changes to bring in billions less than Ottawa expects according to PBOThe capital gains inclusion rate was adjusted in June and the motion before the House today will allow the government to introduce the legislation to formalize the changes.Most Canadians who make more than $250,000 in profits in a single year from capital income like the sale of secondary properties or stock options will now pay more in tax on that income.
The parliamentary budget officer says the increase to the capital gains inclusion rate will bring in $17.4 billion in revenue over five years.Canadians will soon receive GST/HST credit payments. How much?Business Matters: TD Bank to pay more than US$20M over ‘spoofing’ charges
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