Tech Industry Warns Budget’s Capital Gains Proposals Could Cause ‘Irreparable Harm’

Deputy Prime Minister and Minister of Finance Chrystia Freeland presents the federal budget in the House of Commons in Ottawa on April 16, 2024. The Canadian Press/Adrian Wyld

The federal budget has not won support from Canada’s tech industry.

The sector is disappointed in the Liberals’ proposal to increase the proportion of capital gain earnings businesses pay income tax on to two-thirds from one half.