Traditionally, when a budget document is introduced, the effective date is before the budget, so people can’t do planning in advance of the budget.
Not so with the increase to the capital gains inclusion rate. The effective date is after the budget. June 25, specifically. The Liberals are doing this to generate a panic of selling, to generate extra revenue – by some estimates $6.5 to $7-billion.
More in this #video #short.
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