Freeland to Scrap Canada Capital Gains Hike If She’s Elected (1)

Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.

It’s a major reversal for Freeland, who introduced thatcapital gains hike in April as Trudeau’s finance minister. She argued at the time that it was fair for the government to ask companies and investors to pay more to provide additional revenue for the government.

The election of Donald Trump, who has pledged to extend tax cuts implemented in his first term, has ...