Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Canada’s Tax Reform in 60 Days

29 Jan 2025 · 1 min

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Richard Canfield breaks down Canada's coming tax changes, announced by Pierre. Over the next five years, the government plans tax cuts focused on reducing rates and incentivizing manufacturing and capital returns to shareholders.

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Given that Justin is just about out, what do you envision the tax landscape looking like for Canadians over the next five plus years? The things that Pierre has announced as priorities will be, you know, a tax reduction. He wants to incentivize making things, as he calls it, and bringing back capital to Canada. I think it's going to take a while for them to get to the tax file. Notwithstanding that, he's committed to putting a tax reform tax force together within 60 days of getting elected. And he's still saying he's going to do that. And he announced that last June that if he gets elected, he's going to do that.