The federal government confirmed on Friday that it’s reversing course on increases to the capital gains tax first announced in the last federal budget.
The government is delaying the effective date of the increase to Jan. 1, 2026.
After initial reporting from CBC News on Thursday that federal Liberals were considering a pause on collecting the new taxes, Finance Minister Dominic LeBlanc confirmed as much in a post on X, formerly known as Twitter.
h/t P
