The Quebec Liberal Party is asking the government to refrain from increasing the amount subject to capital gains tax.
Interim Liberal leader Marc Tanguay said Monday that this decision, announced Thursday, will penalize individuals and businesses.
Mr. Tanguay deplores that taxpayers who have invested in real estate to build up a retirement fund will thus see their planning modified. As for businesses, they will be deprived of funds that would have allowed investments for productivity gains.
Thursday, following a decision by the federal government, the Minister of Finance, Eric Girard, announced that the government of Quebec will in turn tax a larger share of the capital gain.
In its budget tabled last week, Ottawa announced an increase in the amount exposed to capital gains tax for individuals and corporations, the height of which will increase from 50% to 66% on sums over $250,000. .
More details will follow.
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