Conservative Leader Pierre Poilievre’s recently announced Canada First Reinvestment Tax Cut has proposed a policy to eliminate capital gains taxes on reinvested proceeds within Canada.
“Introducing the Canada First Reinvestment Tax Cut: no capital gains tax when you reinvest proceeds IN CANADA. Bring home billions of new investments in home building, factories, mines, small businesses and make our economy independent from the Americans,” he said.
Introducing the Canada First Reinvestment Tax Cut: no capital gains tax when you reinvest proceeds IN CANADA.
— Pierre Poilievre (@PierrePoilievre) March 30, 2025
Bring home billions of new investments in home building, factories, mines, small businesses and make our economy independent from the Americans.
Canada First – For a… pic.twitter.com/Hmaxbd8P3Z
Observers see the move as “the most economically impactful policy announcement of this campaign, from any party,” adding that if it is “properly designed & implemented, this could unleash a wave of new, more efficient capital investment in Canada.”
Critics of any significant reduction in capital gains taxes often accuse such measures of favoring the wealthy. However, these concerns are countered by noting historical data from both Canada and the UK.
For the class warriors out there who believe capital gains taxes are a great way to “soak the rich,” please remember that you just lost that debate decisively with the Liberal government’s humiliating reversal on its planned increase in the capgains inclusion rate.
— Jason Kenney 🇨🇦🇺🇦🇮🇱 (@jkenney) March 30, 2025
Here is a…
The proposal was likened to that of former Prime Minister Paul Martin’s decision to cut the capital gains inclusion rate, where “government revenues generated from the tax increased steeply, as the change unlocked frozen capital.”
Beyond the policy details, the announcement has generated a response from political observers who note that many Canadians are seeing a stark difference between a policy-driven conservative platform and a Liberal campaign that has sometimes leaned on high-profile soundbites.
Some people keep saying Poilievre has no policies
— Bryan Breguet (@Prominent_Bryan) March 30, 2025
Yet all I've seen over the last week is the Conservatives puts out policies while the Liberals have said "elbows up" with Mike Myers https://t.co/97FKQ9jtAU
Boomers with more than one property right now pic.twitter.com/WSplmmpn7Z
— Daniel Foch (@daniel_foch) March 30, 2025
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