Poilievre Proposes Canada First Reinvestment Tax Cut to Stimulate Economy

Conservative Leader Pierre Poilievre unveiled the Canada First Reinvestment Tax Cut, a plan aimed at encouraging reinvestment in Canada. The initiative would allow individuals and businesses to sell assets and reinvest the proceeds without paying capital gains tax, as long as the money stays within the country. The tax deferral applies to investments in active Canadian businesses until December 31, 2026, with the tax owed later when money is moved out of Canada.
Poilievre said this tax break would unlock billions of dollars, promoting growth in sectors like homebuilding, small businesses, and manufacturing. The move is designed to reverse a trend of investment leaving Canada and help rebuild the country’s industries. The Conservative leader also criticized the Liberal government for policies he believes have weakened Canada’s economy and made it more reliant on the U.S. If successful, Poilievre hopes to make this tax cut permanent.