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Decentralized Democracy

House Hansard - 330

44th Parl. 1st Sess.
June 12, 2024 02:00PM
Context: House Hansard - 330 - Jun/12/24
Mr. Alain Therrien (La Prairie, BQ)
  • Jun/12/24 2:31:27 p.m.
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Mr. Speaker, the road to hell is paved with good intentions. The Liberals want to tax the wealthy's capital gains, but their simplistic definition of who is wealthy includes Quebeckers who are small investors or individual entrepreneurs. The Bloc Québécois will propose amendments to correct the situation, such as offering these ordinary property owners, who are not real estate speculators, access to a higher one-time lifetime exemption instead of the annual exemption of $250,000. Is the government committed to working with us to avoid overtaxing the assets of Quebeckers who are not ultrarich?
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Context: House Hansard - 330 - Jun/12/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Jun/12/24 2:58:06 p.m.
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Mr. Speaker, I want to share another quote: “the wealthiest 1% who own the most expensive and luxurious real estate and have in their portfolios the most stocks and bonds...will continue to see their net worth expand, having done nothing, by the way, to deserve that expanded net worth.” That is a quote from the member for Carleton, but that was when he was being a fake populist. When they sell those assets, they accrue a capital gain. We think more of it should be taxed.
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