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House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
Context: House Hansard - 334 - Jun/18/24
Mr. Gabriel Ste-Marie
  • Jun/18/24 5:59:30 p.m.
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Madam Speaker, I thank my colleague. I am also pleased and privileged to work with him at the Standing Committee on Finance. We sit next to each other and I think we are learning to work well together, which is a great privilege. I raised this question, this thought earlier today in committee. The irony is that it was the Conservatives who increased the capital gains inclusion rate to 75%. It is the Liberals who lowered it to 50%. Now, the roles are reversed. The Liberals want to increase it to two-thirds and the Conservatives are getting all worked up. As for the economic consequences of this, I am no expert. The International Monetary Fund just said that the impact, if there is one, would be quite marginal. I do believe, however, that for the principle of tax fairness, it is something that would be important to implement. However, we have a lot of concerns for people who are not part of the wealthiest 1%, but could get caught up in this when selling a home for their retirement. This happens a lot in Quebec. We want to properly study the upcoming bill to determine what it is all about and to better protect any potential collateral victims.
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