Opinion: Higher capital gains tax would hurt Canada’s economic recovery

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Context is important. Most economists, including Bank of Canada Governor Tiff Macklem, agree that investment must be the foundation for economic recovery. Unfortunately, Canada’s performance on business investment and entrepreneurship is poor. On average, business investment (adjusted for inflation) has declined by 1.4 per cent per year since 2015. And the decline has been widespread, affecting roughly two-thirds of Canada’s business sectors

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Jason Clemens, Alex Whalen and Joel Emes

Original Article Posted on:  Feb 04, 2021

Link to Original Article:  https://financialpost.com/opinion/opinion-higher-capital-gains-tax-would-hurt-canadas-economic-recovery