Poilievre unveils capital-gains exemption for investments in Canada

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Conservative leader Pierre Poilievre promised Sunday’s campaign would exempt investors and businesses from capital gains taxes if profits were reinvested into Canadian companies, saying the change was like the economy’s “rocket fuel.”

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Meanwhile, the Federal Liberal Party faces increasing pressure to remove the incumbent candidate who recommends handing over the conservative candidate to Chinese authorities to collect profitable bounties. Meanwhile, liberals refused to let their former MP Han Dong get involved in the dispute over Chinese intervention, again under the freedom banner in this election.

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Poilievre took advantage of the day when liberal leader Mark Carney had no public activity to expose the Conservative Party’s latest economic policy plank. He also used it to slam Carney for commenting on Liberal Paul Chiang, a conservative candidate who captured the Chinese Communist regime and handed him over to him for a reward.

The Conservative leader said his government would exempt businesses and individuals from taxes when selling stocks, real estate and other assets if they reinvest their earnings into Canadian businesses.

For now, the prospect of paying capital gains tax is detrimental to the sale of old assets that can be used to build housing, manufacturing or other businesses, Poilievre said.

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“It’s like Canadian economic rocket fuel, making us rise,” he said on the floor of a plastic factory in the north end of Toronto. “We will be taller than Americans … and make this country prosperous. Americans will see investment pouring into the border into Canada. It will allow us to build the infrastructure we need – pipelines, mines, factories, factories, export terminals.”

Since Justin Trudeau’s first election, he cited the decline in Canada’s so-called “lost decade” investment rates and GDP per capita, but his plans will help reverse the sliding of living standards.

Poilievre said the proposed tax break will not only lead to more investment in domestic businesses, but will also encourage people to invest profits in companies here without fines.

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He said the tax break will be until the end of 2026. The party estimates that the annual revenue loss will be about $5 billion in two years. The party press release said that the proceeds will be taxed later, “when investors cash out or move the money out of Canadian currency.”

Poilievre cites an example of a factory owner with excess land, and if he or she sells unused property, he will now pay a large amount of taxes. By exempting the owner from capital gains tax, the land can be sold to developers to build new homes, and the factory owner reinvests the profits into the business.

A spokesperson for the Canadian Chamber of Commerce, although he did not comment directly on the proposal, suggested that this is the type of tax reform business.

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“In the face of U.S. tariffs, encouraging business investment at home is more than just the right thing to do, which is crucial to our success,” Matthew Holmes, executive vice president of the Chamber of Commerce, said in a statement.

Carney held a private meeting in Ottawa on Sunday, and later held a private meeting with election volunteers, but both events were open to the media. The liberals did not provide details about the incident except that the first meeting was with family and family.

However, on Sunday, the party continued to face pressure to withdraw his candidate from the Toronto-area candidate for Markham-Unionville, who was running in Don Valley North.

Hong Kong police levyed a $1 million Hong Kong bounty (about $183,000) from Tay after he widely condemned his national security law under the city. His so-called offense is running a YouTube channel here, which criticizes the Beijing-controlled Hong Kong government.

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Tai initially competed for conservative nominations on a ride in Qing’ange. A Chinese democratic radical group revealed on Friday that Tsing Ange told Chinese language journalists in January that the bounty made Taiyi a controversial option.

He then suggested that people turn conservatives into Chinese consulates.

“If you can take him to the Chinese consulate in Toronto, you can get a million dollars in rewards,” he said in a press conference.

When the story broke down on Friday, Chao An apologized, calling his remarks “regrettable” and was killed at the trial, while saying he supported Hong Kong residents in their fight for human rights and freedoms.

Various critics of the Chinese government have called on the Liberal Party to reject Zug as a candidate, but the party only says he acknowledged and apologized for his mistakes.

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New Democratic MP Jenny Kwan said she had been the target of Chinese intervention and her voice condemned Qing’an said Sunday’s comments were “absolutely shocking”.

“He should know that when the CCP (the Communist Party of China) goes out and bounty to anyone, including Canadians, it’s unacceptable,” said the member of Eastern Vancouver. “It’s intimidating in the worst case, but he plays a role in it. He advocates that people take him to the Chinese consulate to collect bounties. In what universe, is it normal?”

Poilievre made his first public comment on Sunday’s affair, saying Carney would let Chiang run for liberals, which was “amazing”. He linked Carney’s position to loans obtained by Brookfield Asset Management, which received a liberal board chairman from China.

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“When will he protect Canadians or Canadians from foreign hostility if Mark Carney allows comments like this from his liberal MP?”

Asked about the growing chorus of complaints about Ziange on Sunday, the party repeated a previous statement that pointed to his apology but did not indicate whether he would be a candidate.

“Paul Chiang is aware of his major mistakes in the trial,” the liberal statement said. “He apologized and was clear that he would fight alongside the people of Hong Kong to safeguard their human rights and freedoms.”

Meanwhile, Toronto-area MPs pulled a different Chinese controversy from the liberal caucus, revealing Sunday that the party doesn’t think it will make him a candidate for Don Valli’s North Knight.

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Dong was first caught in hot water when global news claimed he urged Chinese diplomats to postpone the release of Canadian prisoners Michael Kovrig and Michael Spavor in order not to assist conservatives. He denied the allegation and prosecuted the global, while federal investigations into foreign intervention supported his version of the incident.

But in her final report, Commissioner Marie-Josée Hogue cites intelligence reports in her final report, which is said to be a Beijing-backed effort to occupy buses among foreign students in 2019 to help make East elected as a liberal candidate. She said she did not rule out the accuracy of these reports, but they said they suggested “nominated for a foreign contest, which could be a foreign contest for our democratic process abroad, which could be our national democratic process.”

Dong said in a statement on the X Social Media platform on Sunday morning that the party told him: “They will have a new candidate in Don Valley North.”

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“I decided not to participate in this election to give the LPC the best opportunity to form the government and protect us from Donald Trump,” he wrote. “I am disappointed not to participate in this important sport.”

New Democratic leader Jagmeet Singh also was on Sunday’s campaign and proposed that Canadian mortgage and housing companies use more financial possibilities to provide Canadians with low interest mortgages.

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