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Dear John,
A new Fraser Institute study released today finds that Ottawa’s proposed increase to the effective capital gains tax rate will result in Canada having among the highest — and least competitive — top capital gains tax rates in the industrialized world.
The evidence is clear—taxing capital gains reduces investment, particularly for smaller and start-up firms, which in turn slows productivity gains and innovation, all things Canada needs right now to raise living standards for workers.
Instead of raising taxes on capital gains, policymakers should consider reducing taxes as a way of attracting much-needed investment, and reversing Canada’s current economic slump.
Learn more here, and be sure to help us spread this news far and wide.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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