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House Hansard - 333

44th Parl. 1st Sess.
June 17, 2024 11:00AM
Context: House Hansard - 333 - Jun/17/24
Mr. Greg McLean (Calgary Centre, CPC)
  • Jun/17/24 6:43:57 p.m.
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Mr. Speaker, I usually enjoy the speeches from the member on the other side of the House. I often refer to him in public as the “minister of finance” because I think he knows more about finance than anybody on that bench. However, that speech was a ramble. I do not know if it is just because it is Monday and he had not prepared to be here, but he talked about a lot of things, including the capital gains rate, which, I will tell him, because he probably has not read it, is not part of the budget implementation act. He needs to go back and read that. I will ask him some questions because he raised the budget implementation act. As far as capital gains go, capital gains are going back beyond the formula of his party's previous leaders, Chrétien and Martin, who reduced it to the 50% level because they got the budget back in balance. The budget is now not in balance, so of course, they are looking for ways to take more money from Canadians and are pretending it is only a certain sector of Canadians. It is all Canadians. At that point in time, what exactly was the exemption rate that Canadians paid zero dollars on for their capital gains?
221 words
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