The Canadian Trucking Alliance is applauding Conservative Party leader Pierre Poilievre\u2019s promise to reverse the capital gains tax (CGT) hike should he become Prime Minister.<\/p>\n\n\n\n
CTA has been calling on all federal parties to focus their attention on much-needed measures that will improve growth and investment in Canadian businesses, not make us less competitive and productive.<\/p>\n\n\n\n
\u201cThe trucking industry is dominated by small-medium enterprises (SMEs). Operating a SME in trucking has many challenges. Most do not have retirement funds to secure our livelihoods for the long-term while we try to maintain the viability of our businesses for the next generation. An increase in a retroactive tax like capital gains will be devastating to small and medium-size trucking owners and their families,\u201d said CTA Chair Greg Arndt, owner of Jade Transport in Winnipeg.<\/p>\n\n\n\n
\u201cCTA had heard from many family-run trucking businesses that the capital gains tax increase would make it extremely difficult to make future investments in their family business \u2013 dooming their businesses, and many like them, to failure. Today\u2019s announcement is a helpful step in making trucking more competitive again; but much more tax relief and changes are required to restore the viability of family businesses which make up the backbone of the Canadian economy. Hopefully, this is a sign of things to come under a potential Conservative government,\u201d added Arndt.<\/p>\n\n\n\n
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