Calgary Chamber statement on federal capital gains tax policy shift

The following statement is attributable to Deborah Yedlin, President & CEO, Calgary Chamber of Commerce.

"We certainly welcome this policy shift; however, we shouldn't have been here in the first place. It is also unclear at this point how the federal government will enact this change.

"We've been clear since its announcement that increasing the capital gains inclusion rate is a negative signal for investment – and we've seen some of those consequences play out. We know access to capital remains a challenge, especially for small and scaling businesses, and this policy has made it even harder. Additionally, the capital gains tax compromises the recycling of capital into new business opportunities, which are critical in fostering economic growth and productivity.

"Our businesses across the country drive an innovative Canadian economy – solving waning productivity, de-risking technology adoption, addressing supply chain challenges and advancing climate action. They need to be set up for success. If businesses have the latitude to solve global challenges such as productivity, climate action, food security and infrastructure development, it serves to improve quality of life and economic outcomes for all Canadians.

"And at a time when productivity is waning quickly, we need to protect and improve our competitive position to support our businesses, grow our economy and protect Canadian prosperity."

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About the Calgary Chamber of Commerce

The Calgary Chamber of Commerce exists to help businesses reach their potential. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city.

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