The shocking 66.7% capital gains tax hike that sent investors into a frenzy has been abruptly scrapped, leaving taxpayers scrambling for answers. Originally set to take effect in mid-2024, the proposal ignited fierce debates over fairness, economic impact, and government overreach. Investors rushed to offload assets before the tax increase, only for the government under President Trump to reverse course at the last moment. The cancellation, driven by mounting political pressure and economic concerns, keeps the inclusion rate at 50%—but the uncertainty it created has shaken market confidence. Business leaders warn of lasting damage, while tax experts speculate on potential future reforms. Was this dramatic reversal a victory for investors or a sign of deeper instability in Canada’s tax policy? With financial planning in flux, staying ahead of these unpredictable shifts is more crucial than ever.
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