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Prime Minister Justin Trudeau’s former finance minister said he rejected the idea of hiking the capital gains tax while in office due to concerns it would stunt Canada’s economic growth, and called the move “very troubling for many investors.”
“Billionaire Nepo Baby Sitting on Massive Unrealized Capital Gain Windfall Upset He Will Pay Fair Taxes”
There, I fixed it for you.
You could argue they’re still actually paying below their fair share, just slightly less so.