(Ottawa) For the third time in seven days, the House of Commons will vote on a confidence measure on Wednesday, but this time, it comes from the government itself.
The Liberals have called for a vote on proposed capital gains tax changes they announced in the spring budget.
The capital gains inclusion rate was adjusted in June and the motion presented in the House on Wednesday will allow the government to introduce the bill to formalize the changes.
Most Canadians who make more than $250,000 in profits in a single year from capital income like the sale of secondary properties or stock options will now pay more tax on that income.
The measure was widely criticized by business groups and doctors. But the government says it aims to ensure millionaires do not pay a lower tax rate than middle-class earners.
The Parliamentary Budget Officer says that increasing the capital gains inclusion rate will bring in $17.4 billion in revenue over five years.