REVERSAL: Trudeau Government Continues Surrender On Widely-Hated Tax Changes

Government scraps plan to restrict conversion of income into capital gains.

The Trudeau government continues their desperate surrender on their widely-hated tax changes. The government has announced that they will scrap their plan to impose restrictions on the conversion of income into capital gains. The policy was massively opposed by many, including family farmers, as it would have made it far tougher to transfer the business to the next generation.

The reversal comes after the government said they would also cut back on tougher policies on passive investment income.

Canadians get results fighting back against Trudeau’s tax attack

Everybody knows that the Trudeau government never intended to make any changes to their terrible tax policies. Trudeau and Moneybags wanted to ram the changes through quickly, before anyone realized what was happening. Of course, that’s not how it happened. Canadians fought back, as the Conservatives (and even the NDP to some extent) helped bring attention to the tax changes in Parliament, groups like the Canadian Taxpayers Federation spread the word, and Canadian citizens involved in small business took to social media to stop the attack.

As a result, many Liberal MPs started to panic, and the government has been forced to somewhat surrender to public opinion. With that said, we need to keep the pressure on the Trudeau government. Until their tax surrender is actually written in stone, there’s no reason to believe what they say. Additionally, they may attempt to sneak some of these unpopular measures through other pieces of legislation or government action. Canadians must not let our guard down. We must also remember that avoiding all of this trouble to push the government away from terrible policy will be much easier if we defeat Trudeau in 2019.

Spencer Fernando

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Jen
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Jen

BUSINESSES still will pull out of Canada . Bouncing back and forth in hope all is true that Justin and government plan to lower taxes is costing them heavy dollars each day. You are either for or against and so far the liberals have been against small business.
What about the 9% promise by Liberal to small business. Apparently, 9% is not coming UNTIL the next election.

Catanddog
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Catanddog

And thank you, Spencer, for alerting us and keeping the pressure on Trudeau. Especially the reminder about 2019. It would be embarassing to elect him twice! What are your thoughts on what policies will make him “attractive” for this election so we are forewarned.

jack grandville
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This whole scenario was no more and no less than a typical Liberal con job – and they got away with it. That tax was slated to be lowered by the previous government to the same as the Liberal have ‘suddenly’ decided to make it. Another verbal soft shoe shuffle by the Liberals — they are without a doubt the best in the world at that.