For Information: CVMA Advocacy to Oppose Increase to Capital Gains Tax

The increase announced to the Capital Gains tax in the last federal budget is something that many CVMA members have asked CVMA to oppose and push back on with the government.

Please see the letter that was sent on May 13, 2024 to the Deputy Prime Minister and Minister of Finance on this issue here.

CVMA has also sent a copy of this letter to senior officials in each of the respective departments that serve the Ministers outlined in this letter, including:

  • Agriculture and Agri-Food
  • Employment, Workforce Development Canada
  • Finance Canada
  • Health Canada
  • Rural Economic Development Canada

Given they are also opposed to the increase in the Capital Gains Tax, and that CVMA has offered to partner on joint advocacy against this with them, CVMA has also shared this letter with the Canadian Medical Association and the Canadian Chamber of Commerce.

This letter follows recent government meetings that CVMA had with Minister Boissonnault on April 30th as part of the Commissioner for Employers’ Business Liaison Group at Employment and Social Development Canada, and on May 8th with officials from Rural Economic Development at Innovation, Science and Economic Development Canada.

Next Steps

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