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Canada enacts new tax era with White Paper on taxation
The White Paper outlines reforms including capital gains rules and small business changes aimed at equal taxation. It notes adjustments likely before 1971 and suggests broad political support while signaling a shift under the Trudeau government. The capital gains shifts may impact farmers, homeowners, and corporations, with a Valuation Day approach easing some sales.
MENTIONED IN THIS ARTICLE
Ottawa
Finance
Edgar Benson
Benson
Carter
Canada
Carter Commission
NDP
Robert Stanfield
Trudeau