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Decentralized Democracy

House Hansard - 302

44th Parl. 1st Sess.
April 18, 2024 10:00AM
  • Apr/18/24 1:40:55 p.m.
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Madam Speaker, that is not a hypothetical question: we are going to come to power next year, while remaining very humble. I think that Canadians have understood that after nine years of this government, it is time for a major change. As far as the capital gains tax for businesses and individuals are concerned, I think this needs to be analyzed. More and more financial analysts are looking at this. People who bought a small duplex 25 or 30 years ago as a way of creating a retirement fund for their old age are going to be taxed so heavily that all of their hopes will be dashed. These measures need to be reassessed. The Liberal magic is to say that the wealthiest will pay, but overall, the truly wealthy who hide their money in the Cayman Islands are not going to pay anything, while the people who are creating a retirement fund are under attack in this budget.
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