Poilievre Announces Canada First Reinvestment Tax Cut

Conservative Leader Pierre Poilievre has announced a new tax relief aimed at capital gains, called the "Canada First Reinvestment Tax Cut." Poilievre stated that individuals or businesses who sell their property and reinvest the profits within Canada will not have to pay any capital gains tax on those earnings.

While campaigning in Ontario on Sunday, Poilievre explained that the purpose of this tax cut is to encourage Canadian investors to reinvest their profits domestically, thereby keeping more money within the Canadian economy.

The Canada First Reinvestment Tax Cut will apply to any capital gains reinvested between July 1, 2025, and December 31, 2026. If the program successfully boosts the economy, Poilievre suggested the exemption could become permanent.