PBO Estimates Capital Gain Tax Change to Bring in $17.4B in Revenue Over Five Years

Parliamentary Budget Officer Yves Giroux waits to appear before the Senate Committee on National Finance, in Ottawa, on October 17, 2023. The Canadian Press/Adrian Wyld

The parliamentary budget officer estimates the Liberals’ increase to the capital gains inclusion rate will bring in $17.4 billion in revenue over five years.

That’s two billion dollars less than the federal government projected in its spring budget.