Carney Says Liberals Will Cancel Capital Gains Rate Hike

Carney Says Liberals Will Cancel Capital Gains Rate Hike
Prime Minister Mark Carney announces funding for houses during a visit to Edmonton, on March 20, 2025. The Canadian Press/Jason Franson
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Prime Minister Mark Carney has announced his government will cancel the Liberal government’s planned hike in the capital gains inclusion rate.
In a statement released on March 21, the Prime Minister’s Office said this cancellation is part of a “recognition of the vital role that builders and small businesses play,” adding that the change would allow for more private investment to create jobs and opportunities for Canadians.