Poilievre tight-lipped on what Conservatives might do with capital gains tax changes

OTTAWA — Conservative Leader Pierre Poilievre is telling business leaders to fight their own battles when it comes to the Liberals' proposed changes to capital gains taxation.

Instead, the government is expected to table a stand-alone bill to update the tax system so the wealthiest Canadians and businesses pay taxes on a greater share of their profits.Public opinion polls show younger Canadians increasingly support the Conservatives — a trend Prime Minister Justin Trudeau, who has long relied on voters under 40, is hoping to reverse.

Trudeau and his ministers have been travelling around the country touting how the measures will require those who earn profits from the sale of assets to pay more of their"fair share."The increase to the so-called inclusion rate would apply to all net profits realized by corporations and those above $250,000 for individuals. They would not apply to the sale of a primary residence.

He added that"Trudeau's wealthy friends" won't pay a cent more, and"working and middle class Canadians" will be on the hook for Liberal spending.He put what he described as the"attack" businesses and entrepreneurs are facing at the feet of corporate leaders themselves, writing that their approach of sucking up to Trudeau's Liberals hasn't worked.

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