Ontario matches federal tax break for business capital investments
The short version
- A federal MP criticized a proposed capital gains tax adjustment, citing Israel's inflation-adjusted model as a reference.
- Israel uses an inflation-adjusted capital gains tax model, with a cap at 30 percent.
- Business leaders are opposing a proposed capital gains tax tweak by the federal government.
What we don’t know yet
- The full details of the federal capital gains tax adjustment have not been released.
- The outcome of the business revolt against the capital gains tax tweak is uncertain.