The main expectation was that a bunch of people would realize capital gains ahead of the Jun 20th deadline and that would bring a bunch of short term tax revenue to help with the current year’s budget.
That didn’t materialize, most people didn’t make major sales to realize gains.
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Paywalled. Who authored the report? Anyone got a link to that?
Paywall
http://archive.today/2024.10.10-004807/https://www.theglobeandmail.com/business/article-capital-gains-tax-changes-to-bring-in-far-less-revenue-than-ottawas/
The main expectation was that a bunch of people would realize capital gains ahead of the Jun 20th deadline and that would bring a bunch of short term tax revenue to help with the current year’s budget.
That didn’t materialize, most people didn’t make major sales to realize gains.