The Canadian Chamber of Commerce is urging the federal government to axe proposed changes to Canada's capital gains tax rules amid uncertainty for filers in the coming tax season.
The Canadian Chamber of Commerce argues that the government should scrap proposed changes to capital gains taxes due to political uncertainty surrounding the upcoming election.
They believe implementing these changes now would create confusion for taxpayers, especially since their future is uncertain considering the prorogation of Parliament and the possibility of a new government rejecting them. The chamber calls on the government to provide clarity and instruct the Canada Revenue Agency not to enforce the changes until after the election, if at all.
The Canadian Chamber of Commerce argues that the government should scrap proposed changes to capital gains taxes due to political uncertainty surrounding the upcoming election. They believe implementing these changes now would create confusion for taxpayers, especially since their future is uncertain considering the prorogation of Parliament and the possibility of a new government rejecting them. The chamber calls on the government to provide clarity and instruct the Canada Revenue Agency not to enforce the changes until after the election, if at all.
