The Liberal government plans to take the first legislative step Monday toward increasing the inclusion rate on capital gains. Chrystia Freeland, Deputy Prime Minister and Minister of Finance speaks during a press conference at a transit bus maintenance facility in Brampton, Ont., on Friday, June 7, 2024.
Currently, the only Chinese-made EVs imported into Canada are Teslas made at the U.S. tech giant's Shanghai factory. Accusations that China has spurred its own EV industry through unfair subsidies led to both Europe and the U.S. retaliating this spring. The European Commission is still completing its anti-subsidy investigation but announced two weeks ago that it will impose provisional tariffs of between 17 per cent and 38 per cent on Chinese-made EVs as of July 4.
Source: News Formal (newsformal.com)
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