{"id":7859,"date":"2024-07-10T16:07:12","date_gmt":"2024-07-10T20:07:12","guid":{"rendered":"https:\/\/www.buildingtrades.ca\/?p=7859"},"modified":"2024-08-19T14:47:25","modified_gmt":"2024-08-19T14:47:25","slug":"cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2","status":"publish","type":"post","link":"https:\/\/portal.buildingtrades.ca\/en\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/","title":{"rendered":"CBTU Supports Capital Gains Inclusion Rate Changes to Help Fund Critical Programs for Canadian Workers"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7859\" class=\"elementor elementor-7859\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4ba43171 e-flex e-con-boxed e-con e-parent\" data-id=\"4ba43171\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2c28925b elementor-widget elementor-widget-text-editor\" data-id=\"2c28925b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>Canada\u2019s Building Trades Unions are voicing their support for the federal government\u2019s changes to the capital gains tax inclusion rate, which was previously announced, and will be voted on by the House of Commons this week. The proposed change to the tax code will help fund important programs for the benefit of all Canadian workers including pharmacare, childcare, increased healthcare spending.<\/p>\n\n<p><strong>\u201cThe inclusion rate for our members wages is one hundred percent, taxed as income at the marginal rate, while only half of capital gains are taxed at all. Raising that to two-thirds, and only on capital gains above $250,000 each year, is a step towards tax fairness for people who work for a living,\u201d<\/strong> said Sean Strickland, Executive Director of Canada\u2019s Building Trades Unions, <strong>\u201cThis change will impact only the wealthiest of Canadians \u2013 the 0.1% \u2013 they should be contributing their fair share.\u201d<\/strong><\/p>\n\n<p>Historically, capital gains inclusion rates have been higher. Capital gains taxes were first introduced in 1972, coupled with the elimination inheritance or \u2018death\u2019 taxes at the federal level. At inception, the inclusion rate was 50 per cent. The federal Progressive Conservatives under Brian Mulroney raised the capital gains inclusion rate first to 66.66 per cent in 1988, and then to 75 per cent in 1990. It remained at 75 per cent until 2000, when the Chretien-led Liberal government reduced the inclusion rate back to 50%, where it has remained until now.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s Building Trades Unions are voicing their support for the federal government\u2019s changes to the capital gains tax inclusion rate, which was previously announced, and will be voted on by the House of Commons this week. The proposed change to the tax code will help fund important programs for the benefit of all Canadian workers [&hellip;]<\/p>\n","protected":false},"author":127,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-7859","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBTU Supports Capital Gains Inclusion Rate Changes to Help Fund Critical Programs for Canadian Workers - Canada&#039;s Building Trades Unions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/portal.buildingtrades.ca\/en\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBTU Supports Capital Gains Inclusion Rate Changes to Help Fund Critical Programs for Canadian Workers - Canada&#039;s Building Trades Unions\" \/>\n<meta property=\"og:description\" content=\"Canada\u2019s Building Trades Unions are voicing their support for the federal government\u2019s changes to the capital gains tax inclusion rate, which was previously announced, and will be voted on by the House of Commons this week. The proposed change to the tax code will help fund important programs for the benefit of all Canadian workers [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/portal.buildingtrades.ca\/en\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Canada&#039;s Building Trades Unions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CdnTrades\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-10T20:07:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T14:47:25+00:00\" \/>\n<meta name=\"author\" content=\"jwhite1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CDNTrades\" \/>\n<meta name=\"twitter:site\" content=\"@CDNTrades\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jwhite1\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/portal.buildingtrades.ca\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/portal.buildingtrades.ca\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\"},\"author\":{\"name\":\"jwhite1\",\"@id\":\"https:\/\/portal.buildingtrades.ca\/#\/schema\/person\/b743fe49a9b49b4f33956a29b7944f4a\"},\"headline\":\"CBTU Supports Capital Gains Inclusion Rate Changes to Help Fund Critical Programs for Canadian Workers\",\"datePublished\":\"2024-07-10T20:07:12+00:00\",\"dateModified\":\"2024-08-19T14:47:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/portal.buildingtrades.ca\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\"},\"wordCount\":241,\"publisher\":{\"@id\":\"https:\/\/portal.buildingtrades.ca\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/portal.buildingtrades.ca\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\",\"url\":\"https:\/\/portal.buildingtrades.ca\/cbtu-supports-capital-gains-inclusion-rate-changes-to-help-fund-critical-programs-for-canadian-workers-2\/\",\"name\":\"CBTU Supports Capital Gains Inclusion Rate Changes to Help Fund Critical Programs for Canadian Workers - 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