Poilievre Announces Canada First Reinvestment Tax Cut
North York, ON — Today, Conservative Leader Pierre Poilievre announced the Canada First Reinvestment Tax Cut. Any person or business selling an asset will pay no capital gains tax when they reinvest the proceeds in Canada. Companies that reinvest in active Canadian businesses will also defer any capital gains tax. These gains will still be taxed later on when investors cashes out or move the money out of Canada. The break will be available on any reinvestments done until the end of 2026.
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