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

How Capital Tax Gain Changes Impact Employers

1 May 2024 · 1 min

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Richard Canfield argues that proposed changes to capital gains taxation threaten Canadian employers by reducing incentives for investment. He frames the consequences as potential job losses, reduced employer capacity to raise wages, and capital flight — warning that making life harder for business owners could harm the wider Canadian economy.

Chapters

We have lots of Canadians that are struggling in different ways today. They need jobs. They need a place to go to work. They need an employer. They're hoping that employer has enough money available to maybe afford a raise. These kinds of things is what they're looking for. If you take the people who are employing everyone and then you say we don't actually care about you, we're going to make your life absolutely miserable and take everything that you're working really hard for and all the risk that you're taking on to make sure that you can employ other people. And we're just going to throw a little bomb on it. That doesn't incentivize people very effectively. If people start taking their money and their investments elsewhere, which many people are saying that already, what does that do for the rest of the Canadian economy? It doesn't make it completely illogical that it could add any benefit that it could help anyone in that scenario.