Finance Minister Chrystia Freeland lays out details of proposed capital gains tax increase

Finance Minister Chrystia Freeland laid out details of the federal government’s proposed capital gains tax increase during a press conference on Monday. “Our government is taking action to improve tax fairness for all Canadians,” she said. While discussing the key details of the proposed change, she noted that “all Canadians will continue to pay no capital gains tax when they sell their principal residences.”