Vancouver, BC, April 18, 2024--Former Federal Finance Minister Bill Morneau says there was talk of increasing the capital gains tax when he was on the job — but he resisted such a change because he feared it would discourage investment by companies and job creators. He said Canada can expect that investment drought now, in response to a federal budget that targets high-end capital gains for a tax hike. "This was very clearly something that, while I was there, we resisted. We resisted it for a very specific reason — we were concerned about the growth of the country," he said.
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