Poilievre Announces Canada First Reinvestment Tax Cut March 30, 2025 North York, ON — Today, Conservative Leader Pierre Poilievre announced the Canada First Reinvestment Tax Cut. Any person or business selling an asset will pay no capital gains tax when they reinvest the proceeds in Canada. Companies that reinvest in active Canadian businesses will also defer any capital gains tax. These gains will still be taxed later on when investors cashes out or move the money out of Canada. The break will be available on any reinvestments done until the end of 2026. “The current capital gains tax locks-up investment in old assets, because selling them would force a big bill,” said Poilievre. “So, they do not sell and reinvest in homebuilding, small businesses, technology, manufacturing and more. Allowing reinvestments without tax will unlock billions to immediately begin building, hiring, investing and growing.” The Canada First Reinvestment Tax Cut will be rocket fuel for our economy. It will incentivize investors—from small business owners, to farmers, to homebuilders—to reinvest and build things here in Canada. Canadians will have a powerful incentive to sell foreign investments and reinvest the proceeds, creating jobs in Canada. Because the break does not go to anyone moving money out of the country, investors will be strongly discouraged from moving money out of Canada. Instead, they will bring it home to build, invent, create, and hire here in Canada.” This tax cut will be available for any capital gains reinvested between July 1, 2025, to December 31, 2026. But, if it causes a major economic boom, as expected, Conservatives will make it permanent. These investments will rebuild our industry, restart our economy and allow us to become self-reliant and sovereign from the Americans. “A half-trillion dollars of net investment has poured out of Canada to the U.S. during the Lost Liberal Decade. Canada is poorer, weaker, and more dependent on the United States than ever before. Liberals gave us the worst per-person economic growth in the G7,” said Poilievre. “Electing them to a fourth term in power will only make it worse.” In the Lost Liberal decade, Canada’s economy has plunged below the U.S. We generate $25 less GDP per hour worked than do the Americans. Canada has the best workers in the world, so that’s not the problem. But for every dollar invested in supporting an American worker, only 58 cents is invested in tools, training, and technology to support a Canadian worker. In 2023 alone, $460 billion in investment fled Canada—$11,500 per Canadian–money that should have been building homes, creating jobs, and growing our economy. For a decade, Liberals raised taxes, blocked resource projects, and pushed investment and jobs abroad. Meanwhile, Mark Carney, who advocates for higher taxes here on Canadians, moved his company headquarters to the U.S. and his investments to tropical tax havens. “The choice for Canadians is clear: a Conservative government puts Canada first for a change by rewarding reinvestments in our country to bolster us against the Americans or a fourth Liberal term that makes us weaker and more dependent on the Americans,” said Poilievre. Conservatives will bring home billions in reinvestment that Liberals have driven away. That new money will fund new equipment, hire workers, create technologies, and develop critical industries—mines, pipelines, factories, data centres, and housing. Canada will be a self-reliant, sovereign nation that stands on its own feet and stands up to Trump’s threats from a position of strength. That’s what it means to put Canada First – For a Change. |
2025-03-30
