nine years ago the Prime Minister promised he could spend uncontrollably and there’d be a rich guy on a hill somewhere who would pay the bill the middle class wouldn’t have to pay what is the result according to him the total net worth of the richest Canadians has doubled since he took office meanwhile N9 and 10 middle class Canadians are paying more tax housing costs have doubled so 76% of middleclass Youth believe they’ll never afford a home 2 million people line up at a food bank because they can’t afford to eat on a middle class salary given that he already broke this exact same promise over 9 years why should we believe him this time if it didn’t have real world impacts on Canadians it would almost be amusing to watch the conservative leader tie himself in nuts to try and justify voting in favor of advantages for the wealthy Canadians when they sell really profitable Investments we are asking them to pay a little bit more so we can invest more in housing for young people to be able to have the same kinds of opportunities previous generations did we’re delivering dental care for over 200,000 seniors in just the last 6 weeks we’re delivering more spaces in child care we’re stepping up for Canadians they’re stepping up for the rich real world impacts that’s what we have today after 9 years of this prime minister promising to tax borrow and spend us into fairness but according to the stat scan data he put out himself since he became prime minister of the net worth of the wealthiest Canadians has doubled why because the taxes he puts always land on the middle class nine and 10 middle class people are paying higher taxes the vast majority of Canadians than 100% of middle class are paying higher carbon tax and his last round of small business tax hikes hit plumbers and electricians not the rich why is it that every time he mentions the middle class they get poor our price on pollution delivers more money to eight out of 10 Canadians right across the country with the Canada carbon rebate uh and today Mr Speaker There’s an opportunity for everyone in this house to stand up and ask the wealthiest Canadians to pay a little more when they sell extremely profitable Investments we are doing that on this side of the house the conservatives will be protecting the advantage that is there for the wealthiest Canadians while we invest more in housing while we invest more in Dental Care while we invest more in Canadian who need it if you are a small business owner you have even $1 of investment gain you pay this higher tax that the prime minister is promising because there’s no exemption inside the 300,000 small businesses and it’s incredible that during a housing shortage he wants to tax home builders during a healthcare shortage he wants to tax away our doct doctors during a food price uh crisis he wants to tax our farmers and while our economy is shrinking more than any other con economy in the G7 he wants to tax our small business job creators Mr Speaker isn’t this the definition of insanity for8 weeks since we put our budget forward the conservatives have been incredibly careful not to say a thing about the capital gains uh rate that we’re raising uh they didn’t want to talk about it for two full months and today when they are choosing to vote with the wealthiest Canadians and against young Canadians who need more housing young Canadians who need a better break seniors who need Dental Care uh they’re all trying to spin it in nine different ways the reality is they have an opportunity to vote with middleclass Canadians and they’re choosing to vote against them the Finance Minister is about to impose another job killing wage cutting price hiking tax on Canadians and she wants us to believe the latest fairy tale that somehow we’ll all be better off if the Prime Minister just raises taxes again we’ve heard this for 9 years let’s take a look at the result Canada is on track for the worst decline in living standards in four decades 9 out of 10 middle- class families now pay more in income taxes and stats Canada says that liberal policies since 2015 have cost Canadians $4,200 in lost wages per worker they’ve made the middle class worse off with their last eight budgets why should anyone believe that the ninth time is the charm for the past eight weeks we have watched the an edifying spectacle of the conservatives squiggling and squirming deflecting and debating but today they have no choice today they had to pick a side and we’re seeing now the side that they have chosen the conservatives are coming out against fairness they think a nurse or a plumber should pay tax at a higher rate than a multi-millionaire Canadians are watching Canadians now see whose side the conservatives are [Applause]
The debate on the Liberals’ stand-alone motion to put a capital gains tax adjustment in place continued in the House of Commons during question period on Tuesday. The debate came after the Conservatives released a statement saying they would oppose the motion.”
According to him [Justin Trudeau], the total net-worth of the richest Canadians has doubled since he took office. Meanwhile, nine in 10 middle class Canadians are paying more tax,” said Conservative Party Leader Pierre Poilievre.
“There’s an opportunity for everyone in this house to stand-up and ask the wealthiest Canadians to pay a little more when they sell extremely profitable investments,” Prime Minister Justin Trudeau said. He added “The Conservatives will be protecting the advantage that is there for the wealthiest Canadians.”
“Real-world impacts. That’s what we have left after nine years of this prime minister promising to tax, borrow and spend us into fairness,” Poilievre said.
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VOTE TRUDEAU OUT OF POWER
If the Capital Gain tax changes create the increased losses of our Canadian doctors, business owners, talented IT and research professionals, the already LOW PRODUCTIVITY Canadian populations for the past decades will be worsen to a level of NO RETURN of those talents ! Why SHORT TERM GAINS are often the only solutions from the Trudeau's team of Liberals! Very sad.
Look at food banks
So Trudeau thinks taxing the rich doesn’t affect the lower class. Well when you tax the rich they will have to raise the cost of things like food from the farmers you taxed higher gas because you taxed the oil companies. It’s all goes around, don’t be fooled by Trudeaus lies.
Will the gov pay if smbody looses capital on his investment, why only gains are charged at a higher level on a risky investment, risk takers in the financial market should be encouraged
I am a multi millionaire if i have to pay more tax im shutting down my factory
Yes we know we are still suffering, the question isn't are we suffering more, the question is what are you jokers going to do about it? I hate to think my tax money is going into the recording of endless zero result debates on YouTube.
Ohhhh No! Not fair!! A tax on capital gain of 250k + in a year Not fun for the rich to have to pay more than the middle class Canadians. Ohh No!! TFSAs, RRSPs, primary residences that most middle class Canadian have are exempt from capital gains tax… that so terrible according to Conservatives
Canadians are watching…time to vote now…
PP FOR PM
Man. Would serve them right if we all just stopped working for money entirely and started bartering. There's really no point in working in Canada. Be happy with less. Earn the least amount you need. Govt just gonna take it anyways.
If diversity is so enriching, how come we are getting poorer instead of becoming one of the wealthiest countries in the world especially with the latest invasion with record high numbers of invaders in 2023.
They are both jokers with their own offshore accounts as their ONLY priorities. Lots of talk, no action other than Canadians getting less, but politicians and CEOs friends and family getting more.
Careful canada, he sounds great but just sounds as manipulative and corrupt as the other guy.
Be careful who you vote for.
FJT
Notice how Trudeau is subtly changing his wardrobe.
tax the rich? then let Trudeau pay taxes. he says pollution isn't free yet doesn't pay a cent for polluting.
Just pointing out problems, and never a solution. The house shows Canada is a sad bunch. It's all set up.
Practice what you preach PM before accusing other parties of doing so this is just a political issue to get more votes
You watch, your principal residence will be on the capital gains tax list. Just watch
I appreciate these simply put explanations Pierre produces. Clear, clean and quick.
Why does the Canadian government not trust its citizens with their own money. They've clearly shown they cannot spend it responsibly. Unions getting all the benefits you don't. Sending our money off to foreign countries, Liberal retreats in Hamilton when lm sure the house of commons has meeting rooms. Free dental, and prescription drugs sounds great but we can't afford it. Their spending the next generations into oblivion. Canada will be on the verge of collapse.
This guy really ruined his dad's name. Now Trudeau will definitely be remembered as the worse in Canadian history
Justin Trudeau is the worst PM ever he has NO idea how to run Canada they only thing he knows is Tax Tax Tax
Same liberal lies as the last time.
Pierre took 35 billion from the public to build the free pipeline for his oil friends. Could have built homes. Nationalize oil .
I rent and my 2 investment condos in Toronto under my business are the only thing I got for my retirement and Liberals obviously do not take overall net worth and financial position into consideration, so this will not affect only the wealthiest Canadians. Trudeau is so trash
Définition chrome guru mage mesmerizing ilegal negative sides thefts attract more by medical police arrests
If you’re planning on starting a business, don’t do it in Canada now. Only a fool would invest in the Canadian economy with the taxation system in place. Another brilliant move by a boy with no experience in anything whatsoever.
Conservatives voting against this ridiculous tax will not affect Pierre. Canadian people hate Trudeau so much that we don't pay attention to his meaningless words.
Tax too much, soon they will ask tax 100%
CTV/Justin enthusiast. End the clip with team Justin talking points. Will the reverse happen next year when Pierre is priminister ?
Hot Air Pierre has no common sense.
He starts off talking about the huge divide and continued growing disparity in wealth between Canadians, but then votes to stop trimming ever so slightly off the richest ppl to lessen the gap which would help everybody and the country.
A hero like Trudeau always defeats the villainous Insincere Pierre in all the debates.
Remove the infectious freedum factor that’s causing some ppl to be wacko and Trudeau will win another term easily. Regardless now that Canadians see how hot air Pierre and the Cons are they will vote Liberal, again.
The rich have already sold their investments to avoid the increase.
The middle class will be hit hard when passing on their property to kids or redeeming investments for their retirement.
justine has lost it completely
The Conservatives not talking about capital gains, they wanted to get a video out to explain things properly. This is a short term tax grab which results in less tax revenue in the future because all the investment, a missive chunk of our GDP, will go to the states, just like it has ever since Trudeau got in power. Please watch Pierres latest video. Its partisan but still so clearly black and white incompetence from the Liberals… so after getting much less money from this tax.. and no new businesses in Canada because investment in Canada is stupid while trudeau is in power. Too bad that Jagmeet is a horrible self centered human being because if he had an ounce of integrity, just an ounce… he would feel Canadian pain and do something about it…
The whole house of commons process is an absolute joke and waste of time. Arguing back and forth like children instead of actually fixing things.