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18 Apr 2024

Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain

Author: admintech | Filed under: Finance/ Money
A budget book stands up on a table in a room.

Canadian entrepreneurs and investors are blasting the federal government’s budget for expanding a tax on the rich that they say will worsen brain drain and further degrade productivity. The government estimates the change will impact 0.13 per cent of Canadians in any given year, and 307,000 Canadian companies.