Freeland says capital gains proposal will be tabled before summer break

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The Liberal government will bring its proposal to increase the inclusion rate on capital gains to the House of Commons before the parliamentary summer break, Finance Minister Chrystia Freeland said Tuesday.

Deputy Prime Minister and Minister of Finance Chrystia Freeland responds to a question during a news conference, May 21, 2024, in Ottawa. THE CANADIAN PRESS/Adrian Wyld

The higher inclusion rate will apply to all capital gains realized by corporations, while individuals will only face the higher inclusion rate on capital gains of more than $250,000.Lobby groups representing businesses and physicians who expect to be affected by the changes have called on the government to reconsider the increase to the inclusion rate.

As Conservative Leader Pierre Poilievre looks to court the working-class vote, it remains unclear how his party will navigate the vote. In response to a question asking how the party will vote, Conservative party spokesman Sebastian Skamski said in an emailed statement: "The legislation you are asking about doesn't exist yet due to Justin Trudeau's incompetence, so it's impossible for us to weigh in on the matter."

Prime Minister Justin Trudeau testified Wednesday before the national public inquiry into foreign interference in Canada's electoral processes, following a day of testimony from top cabinet ministers about allegations of meddling in the 2019 and 2021 federal elections. Recap all the prime minister had to say.

Police in Ontario say a group of suspects charged in an armed home invasion north of Toronto last year were driving a vehicle stolen in a carjacking in Calgary just one month earlier.A 29-year-old woman has been charged after police say she stole a septic truck from a Manitoba community and drove erratically on the highway.Shelters in Canada are not designed to meet the physical or mental health needs of the growing number of older adults who are homeless, a report released Tuesday says.

Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.

Police in Ontario say a group of suspects charged in an armed home invasion north of Toronto last year were driving a vehicle stolen in a carjacking in Calgary just one month earlier.A disruption to Internet, television and phone services in several north Calgary neighbourhoods is related to vandalism, CTV News has learned.Calgary pilot project brings students and seniors together

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