Reading between the lines on the Liberals' tax promises
Platform also includes a promise to lower corporate tax rate to 10%
The federal party released its platform earlier this week
New Democrats have also talked about closing a stock-option loophole
A C.D. Howe report says the change would support the growth of innovative Canadian companies
The change would involve taxing capital gains after taking inflation into account, which would lower the tax bite for wealthy Americans
There are many benefits to be had for investors and the overall economy as a whole if the capital gains tax is eliminated
Although the Liberals have not discussed increasing the capital gains inclusion rate, such a measure shouldn’t be ruled out
Lower taxes would encourage investment, boost economy, authors say
More than three-quarters of Canadians don’t take tax implications into consideration with every investment decision