MARYSE HARVEY
KELOWNA – The Kelowna Chamber of Commerce welcomes the Federal Government’s decision to defer the proposed increase to the Capital Gains inclusion rate. This move provides much-needed relief to businesses, investors, and entrepreneurs across the country.
However, the Chamber remains firmly opposed to any increase that makes Canada a less competitive or attractive destination for investment.
“The deferral is a step in the right direction, but the underlying issue remains. Any increase to the Capital Gains inclusion rate risks driving away investment, limiting economic growth, and stifling innovation,” said Maryse Harvey, President of the Kelowna Chamber of Commerce.
“If Canada wants to improve productivity, grow the economy, and strengthen our global trade relationships, we need policies that encourage investment rather than deter it.”
The Kelowna Chamber urges the Federal Government to focus on creating a tax and investment environment that fosters economic expansion. A competitive capital gains structure is essential to attract both domestic and foreign investment, supporting small and medium-sized enterprises, and driving job creation.
“Businesses are the backbone of our economy, and they need certainty and incentives to invest, expand, and compete on a global scale,” added Harvey. “Now is the time for Canada to prioritize economic growth and ensure we remain a top destination for investment.”
The Chamber will continue to advocate for policies that enhance business competitiveness and drive economic prosperity for Kelowna and beyond.
Maryse Harvey is President of the Kelowna Chamber of Commerce
