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    • Capital gains proposal to be presented to Parliament on Monday, Freeland says

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    The Liberal government plans to take the first legislative step Monday toward increasing the inclusion rate on capital gains.

    Finance Minister Chrystia Freeland flagged the timing Sunday, saying the government is taking action to improve tax fairness for Canadians.

    Freeland announced the capital gains tax changes as part of her April budget, but left the new inclusion rate out of the budget legislation.

    The government proposes to make two-thirds of capital gains taxable. 

    Currently, only one-half of the profits made on the sale of assets 鈥 such as stocks or secondary real estate property 鈥 are taxed. 

    The Liberals must table a motion in the House of Commons before they bring forward the actual legislation on capital gains. The government says the change will take effect June 25, even if a bill has yet to pass. 

    The higher inclusion rate will apply to all capital gains realized by corporations, while individuals will only face the higher inclusion rate on capital gains of more than $250,000. 

    Lobby groups representing businesses and physicians who expect to be affected by the changes have called on the government to reconsider the increase to the inclusion rate.  

    However, Liberals have defended the effective tax increase on capital gains, arguing that Canada needs to raise more revenue to pay for things like housing and health care.  

    The government estimates the higher inclusion rate will generate $19.4 billion over the next five years.

    This report by The Canadian Press was first published June 9, 2024

    IN DEPTH

    Opinion

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    opinion Don Martin: How a beer break may have doomed the carbon tax hike

    When the Liberal government chopped a planned beer excise tax hike to two per cent from 4.5 per cent and froze future increases until after the next election, says political columnist Don Martin, it almost guaranteed a similar carbon tax move in the offing.

    CTVNews.ca Top Stories

    A driver suffered only minor injuries after going airborne in a residential neighbourhood in Maple Ridge, B.C., on Friday, the car eventually landing on its roof in someone鈥檚 backyard.

    The owners of a North York condominium say they are facing a $70,000 special assessment to fix their building's parking garage. '$70,000 is a lot of money. It makes me very nervous and stressed out of nowhere for this huge debt to come in,' said Ligeng Guo.

    Police released the identities of the mother and daughter who were killed after a fire tore through a 160-year-old building in Old Montreal on Friday.

    The sentencing of the man who pleaded guilty in the deadly hit-and-run in Kitsilano two years ago began on Friday.

    Canada

    • A driver suffered only minor injuries after going airborne in a residential neighbourhood in Maple Ridge, B.C., on Friday, the car eventually landing on its roof in someone鈥檚 backyard.

    • Demonstrators converged on downtown Ottawa Saturday afternoon as part of a global day of action to protest Israel's military actions in the Middle East.

    • An organization who has assisted in locating 40 missing people since 2018, has its sights set on the Thames River near Cavendish Park in London, Ont.

    • Ontario Provincial Police have laid stunt charges against a driver caught speeding 75 km/h over the speed limit on Highway 417 in Ottawa's west end.

    • Police released the identities of the mother and daughter who were killed after a fire tore through a 160-year-old building in Old Montreal on Friday.

    • The sentencing of the man who pleaded guilty in the deadly hit-and-run in Kitsilano two years ago began on Friday.

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    Lifestyle

    • Travelling on a budget can be stressful, but there are ways you can ensure you're getting the best deal on flights as the holiday season approaches.

    • A five-seat sushi counter located inside another restaurant is the latest Vancouver eatery to receive a Michelin star.

    Sports

    Autos

    • A Pickering, Ont., student going to college to be a mechanic is shocked the engine in his two-year-old car will not be repaired under warranty after the dealership claimed he had been 'over-revving' the engine.

    • A group of classic car enthusiasts donated hundreds of blankets to nursing homes in Nova Scotia.

    Local Spotlight

    Chantal Kreviazuk is set to return to Winnipeg to mark a major milestone in her illustrious musical career.

    From the beaches of Cannes to the bustling streets of New York City, a new film by a trio of Manitoba directors has toured the international film festival circuit to much pomp and circumstance.

    A husband and wife have been on the road trip of a lifetime and have decided to stop in Saskatchewan for the winter.

    The grave of a previously unknown Canadian soldier has been identified as a man from Hayfield, Man. who fought in the First World War.

    A group of classic car enthusiasts donated hundreds of blankets to nursing homes in Nova Scotia.

    Moving into the second week of October, the eastern half of Canada can expect some brisker fall air to break down from the north

    What does New Westminster's t蓹m蓹sew虛tx史 Aquatic and Community Centre have in common with a historic 68,000-seat stadium in Beijing, an NFL stadium and the aquatics venue for the Paris Olympics? They've all been named among the world's most beautiful sports venues for 2024.

    The last living member of the legendary Vancouver Asahi baseball team, Kaye Kaminishi, died on Saturday, Sept. 28, surrounded by family. He was 102 years old.

    New data from Greater Vancouver and the Fraser Valley shows a surge in supply and drop in demand in the region's historically hot real estate market.

    • One person is reportedly dead and two others are injured after a pickup truck hit a bench, striking people who were waiting for the bus in Surrey Saturday afternoon.

    • A massive fire broke out in downtown Langley Saturday morning, destroying a restaurant and forcing several other businesses to close.

    • Police on Vancouver Island have made an arrest in the case of a 78-year-old woman found dead in her home almost two years ago.

    • The Ontario Science Centre is set to launch two temporary satellite locations in other parts of Toronto, which could let visitors access some of its interactive exhibits while a full interim location remains at least a year away, 麻豆影视 has learned.

    • Leo Campana's stoppage-time goal gave Inter Miami a 1-0 win and left Toronto FC's playoff hopes hanging by a thread Saturday.

    • A Toronto police officer has been arrested after allegedly stealing three bottles of alcohol from a store.

    • Emergency crews are on scene of a multi-vehicle collision along northbound Deerfoot Trail near 17 Avenue Southeast.

    • The first anniversary of the October Seventh Hamas attack on Israel is Monday and that prompted several hundred people to attend a pro-Palestinian rally Saturday afternoon at city hall.

    • An investigation is underway into a Friday night collision in southeast Calgary that left one person dead.

    • Demonstrators converged on downtown Ottawa Saturday afternoon as part of a global day of action to protest Israel's military actions in the Middle East.

    • Three people were taken to hospital after a crash between a pickup truck and a car in a rural part of Ottawa's south end on Saturday afternoon.

    • Environment Canada has issued a frost advisory as temperatures across Ottawa and eastern Ontario are expected to dip near the freezing mark this evening.

    • Police released the identities of the mother and daughter who were killed after a fire tore through a 160-year-old building in Old Montreal on Friday.

    • Montreal police say they are increasing their presence across the city ahead of the one-year anniversary of the Oct. 7 start of the Israel-Hamas war.

    • Montreal police say a business in the city's Pointe-Saint-Charles neighbourhood was hit with Molotov cocktails two nights in a row.

    • Highway 39 near Warburg was closed Saturday after a serious crash involving a motorcycle and a van.

    • An estimated four billion birds will navigate man-made environments as they travel south from North America during fall migration. Tens of million of them will die en route due to human-created hazards.

    • Barrel racer pro Lynette Brodoway has been riding in rodeos since before some of her competitors were born.

    • Avry Wortman, 13, scored two touchdowns on Sunday during her team's win in the under 14 Greater Moncton Football Association.

    • A riding in southwest New Brunswick that for decades was a Progressive Conservative stronghold is shaping up to be a bellwether that could offer a window into the future of the Tory party, and maybe of the province.

    • It鈥檚 1998. Google was just born, and dial-up was the primary way to connect to the Internet. New sites were being developed daily on any number of topics, from recipes to shopping. David Yanciw, however, was thinking big - big things, that is.

    • Communities outside of the perimeter aren鈥檛 immune to the housing and affordability struggles seen in Winnipeg.

    • As many as 25,000 employees could hit the picket lines as early as Tuesday morning, making it the second-largest strike in Manitoba鈥檚 history.

    • The Saskatchewan Roughriders have clinched a playoff spot thanks to a win over the Edmonton Elks.

    • Saskatchewan's two major political parties made campaign stops in Moose Jaw Saturday with both promising to invest into the city if elected on Oct. 28.

    • A wind warning was issued for parts of southern Saskatchewan, with gusts of up to 100 kilometres per hour (km/h) possible in some areas on Saturday, Environment and Climate Change Canada says.

    • The Huron Ontario Provincial Police said they responded to a 鈥渄owned airplane鈥 just after 11 a.m. Saturday.

    • Police say they were called to the area of Simcoe Street and Market Street around 1:30 a.m. Saturday for a report of an assault.

    • The Oktoberfest Parade is fast approaching and organizers are urgently seeking volunteers to fill the role of sign carriers.

    • The Saskatchewan Roughriders have clinched a playoff spot thanks to a win over the Edmonton Elks.

    • The Saskatchewan Teachers' Federation hosted a virtual election forum on education Thursday evening, giving candidates in the provincial election a chance to share their thoughts and answer questions on issues teachers find most important.

    • A permanent memorial at the site of the 2018 Humboldt Broncos bus crash is about to be a step closer.

    • Canadian musician Jacob Hoggard has been found not guilty of sexually assaulting a young woman in northeastern Ontario eight years ago. The former Hedley frontman had pleaded not guilty to sexual assault.

    • Police released the identities of the mother and daughter who were killed after a fire tore through a 160-year-old building in Old Montreal on Friday.

    • Fire crews in Greater Sudbury battled a large garage fire on Friday.

    • An organization who has assisted in locating 40 missing people since 2018, has its sights set on the Thames River near Cavendish Park in London, Ont.

    • Huron OPP say they were on the scene of a plane crash this morning, with a pilot finding themselves unable to halt before the end of a runway in Brussels.

    • OPP are seeking assistance in their search for a 30-year-old man last seen in Orillia.

    • Provincial police are investigating a collision along Highway 400 in Tay Township Friday afternoon.

    • More than a thousand residents attended the Town of Innisfil's inaugural 'InnisFALL' festival on Saturday, which celebrated the spirit of fall with live music and entertainment at Innisfil Town Square.

    • The municipality issued a stern reminder for code violators, as both were fined following a warning issued by Leamington Fire Services.

    • According to police, the suspect entered and vandalized the property in the 700 block of Grand Marais Road Easton on September 28.

    • Travelling on a budget can be stressful, but there are ways you can ensure you're getting the best deal on flights as the holiday season approaches.

    • Police on Vancouver Island have made an arrest in the case of a 78-year-old woman found dead in her home almost two years ago.

    • NDP Leader David Eby is promising to offer a $75-million loan forgiveness program to entice doctors, nurses and heath professionals to expand health-care services in rural British Columbia.

    • Ever since Taylor Swift made thousands, if not millions, of loyal fans鈥 wildest dreams come true by announcing a three-show run in Vancouver this December, scammers have attempted, and sometimes succeeded, to take advantage of the scramble for tickets.

    • Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.

    • NDP Leader David Eby is promising to offer a $75-million loan forgiveness program to entice doctors, nurses and heath professionals to expand health-care services in rural British Columbia.

    • Three young suspects have been arrested in connection with a swarming attack on a teenager in B.C.'s Okanagan last week 鈥 and authorities have asked the public to stop circulating disturbing videos of the incident.

    • While the summer may be over, construction season in Lethbridge is not.

    • Lethbridge police executed dozens of warrants and laid numerous charges in another targeted enforcement project in the downtown area.

    • A person was airlifted to hospital following a serious crash in Taber, Alta., on Friday morning. Taber RCMP responded to the scene on Highway 864 around 10:30 a.m., for a crash involving an SUV and a semi-truck.

    • The Ontario College of Family Physicians has presented awards to 750 doctors based on comments from patients, including eight physicians who are part of the Group Health Centre in Sault Ste. Marie.

    • Two teens, ages 14 and 19, have been charged with arson in connection with a July 14 fire in Cat Lake First Nation that destroyed $500,000 in construction materials.

    • A northeastern Ontario jury has started deliberating in Canadian musician Jacob Hoggard's sexual assault trial, we can now tell you what they weren't allowed to hear.

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