The PLQ pleads for a separate tax system

Photo: Jacques Boissinot The Canadian Press Marc Tanguay said Monday that this decision will penalize individuals and businesses.

The Liberal Party of Quebec asks the government to refrain from increasing the amount subject to capital gains tax.

Interim Liberal Leader Marc Tanguay said Monday that this decision, announced Thursday, will penalize individuals and businesses.

Mr. Tanguay deplores that taxpayers who have invested in real estate to build up a retirement fund will see their planning modified. As for businesses, they will be deprived of funds that would have allowed investments for productivity gains.

Also read

• Quebec increases capital gains taxation

Thursday, following a decision by the federal government, the Minister of Finance, Eric Girard, announced that the government of Quebec will in turn tax a larger share of the capital gain.

In its budget tabled last week, Ottawa announced an increase in the amount exposed to capital gains tax for individuals and corporations, the height of which will increase from 50% to 66% on amounts over $250,000.

More details will follow.