Liberal Minister Chrystia Freeland refused to ensure Canadians that middle-class workers like plumbers, carpenters, and restaurant owners will not be hurt by their recently approved capital gains tax hike.
The Finance Minister’s refusal to provide assurance came during a tense exchange in Parliament, where Freeland dodged direct questions about the impact of the tax increase on small business owners and tradespeople.
Conservative leader Pierre Poilievre criticized the Liberal government for targeting the very people it claims to support.
“This government talks about helping the middle class, but their actions show a blatant disregard for the hardworking Canadians who keep our economy running,” Poilievre stated.
He argued that the capital gains tax hike will disproportionately affect small business owners and self-employed individuals who rely on selling their businesses or assets as part of their retirement plans.
The newly approved capital gains tax hike is part of the Liberal government’s broader strategy to increase revenue and address fiscal deficits.
However, critics argue that this move will stifle economic growth and discourage investment in small businesses. “These are not wealthy investors. These are everyday Canadians who have poured their lives into building their businesses,” Poilievre added.
Freeland attempted to deflect the criticism by emphasizing the government’s commitment to social programs and infrastructure investments. “Our focus remains on creating a fair and equitable tax system that supports all Canadians,” she said.
Last week, The Counter Signal reported that a 93-year-old woman trying to gift land to her kids has been hit with Trudeau’s new capital gains tax and fears she can’t afford to help her family anymore.
