Quote:
Originally Posted by Slava
Well aside from encouraging spending by citizens with larger bank balances in general and a GST increase I guess. This isn't the thread for this, but if I'm the government, my first priority is to stimulate spending, coinciding with that GST increase to 7-8%. The multiplier from that is far more impactful than increasing the capital gains inclusion rate.
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This is going down the tax policy rabbit hole but from a tax policy standpoint if I was government I would bifurcate capital and redefine the tax act to account for the promotion meaningful spending (ie. actual capital assets, tangible and intangible) versus capital gains on investments including equities and speculative assets such as bitcoin.