OTTAWA — Two sectors were responsible for the majority of corporate capital gains earned in Canada over five years but added no new jobs over that time span, a new study found.
I feel like the rest of the sentence is important for those skimming for the important bits -
together made 52.6 per cent of all corporate capital gains reported in Canada between 2018 and 2022.
That’s a stupidly large percentage of the capital gains reported. The argument that capital gains tax stifles innovate is argued against in the report as well
The report also finds there’s no historical correlation between capital gains taxes and business investment in machinery, equipment and intellectual property.
I feel like the rest of the sentence is important for those skimming for the important bits -
That’s a stupidly large percentage of the capital gains reported. The argument that capital gains tax stifles innovate is argued against in the report as well
Wait… It turns out businesses always want to be more efficient, and whether they pay a tax they have no control over makes no difference?