Business
Proposed federal tax hike would make Canada’s top capital gains tax rate among the highest of 37 advanced countries

From the Fraser Institute
By Jake Fuss and Grady Munro
Ottawa’s proposed increase to the effective capital gains tax rate will result in Canada having among the highest—and least competitive—top capital gains tax rates in the industrialized world, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“The evidence is clear—taxing capital gains deters investment, particularly smaller and start-up firms, which in turn slows productivity gains and innovation, all things Canada needs right now to raise living standards for workers,” said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of Canada’s Waning Competitiveness on Capital Gains Taxes.
The study finds that by increasing the inclusion rate, the federal government has made Canada less competitive compared to other advanced countries. At a 50 per cent inclusion rate, Canada’s top capital gains tax rate ranked between 17th and 23rd (depending on the province) out of 37 high-income developed countries in the Organization for Economic Co-operation and Development (OECD).
Raising the inclusion rate to 66.7 per cent means Canada’s top capital gains tax rate would be among the highest and least competitive (between 8th and 13th highest, depending on the province).
The study notes that if Canada’s capital gains inclusion rate were lowered to 33.3 per cent, Canada would be among the most competitive in the OECD, ranking 30th and 31st, again, depending on the province.
“Instead of raising taxes on capital gains, policymakers should consider reducing taxes as a way of attracting much-needed investment, and reversing Canada’s current economic slump,” Fuss said.
Business
‘Great Reset’ champion Klaus Schwab resigns from WEF

From LifeSiteNews
Schwab’s World Economic Forum became a globalist hub for population control, radical climate agenda, and transhuman ideology under his decades-long leadership.
Klaus Schwab, founder of the World Economic Forum and the face of the NGO’s elitist annual get-together in Davos, Switzerland, has resigned as chair of WEF.
Over the decades, but especially over the past several years, the WEF’s Davos annual symposium has become a lightning rod for conservative criticism due to the agendas being pushed there by the elites. As the Associated Press noted:
Widely regarded as a cheerleader for globalization, the WEF’s Davos gathering has in recent years drawn criticism from opponents on both left and right as an elitist talking shop detached from lives of ordinary people.
While WEF itself had no formal power, the annual Davos meeting brought together many of the world’s wealthiest and most influential figures, contributing to Schwab’s personal worth and influence.
Schwab’s resignation on April 20 was announced by the Geneva-based WEF on April 21, but did not indicate why the 88-year-old was resigning. “Following my recent announcement, and as I enter my 88th year, I have decided to step down from the position of Chair and as a member of the Board of Trustees, with immediate effect,” Schwab said in a brief statement. He gave no indication of what he plans to do next.
Schwab founded the World Economic Forum – originally the European Management Forum – in 1971, and its initial mission was to assist European business leaders in competing with American business and to learn from U.S. models and innovation. However, the mission soon expanded to the development of a global economic agenda.
Schwab detailed his own agenda in several books, including The Fourth Industrial Revolution (2016), in which he described the rise of a new industrial era in which technologies such artificial intelligence, gene editing, and advanced robotics would blur the lines between the digital, physical, and biological worlds. Schwab wrote:
We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before. We do not yet know just how it will unfold, but one thing is clear: the response to it must be integrated and comprehensive, involving all stakeholders of the global polity, from the public and private sectors to academia and civil society …
The Fourth Industrial Revolution, finally, will change not only what we do but also who we are. It will affect our identity and all the issues associated with it: our sense of privacy, our notions of ownership, our consumption patterns, the time we devote to work and leisure, and how we develop our careers, cultivate our skills, meet people, and nurture relationships. It is already changing our health and leading to a “quantified” self, and sooner than we think it may lead to human augmentation.
How? Microchips implanted into humans, for one. Schwab was a tech optimist who appeared to heartily welcome transhumanism; in a 2016 interview with France 24 discussing his book, he stated:
And then you have the microchip, which will be implanted, probably within the next ten years, first to open your car, your home, or to do your passport, your payments, and then it will be in your body to monitor your health.
In 2020, mere months into the pandemic, Schwab published COVID-19: The Great Reset, in which he detailed his view of the opportunity presented by the growing global crisis. According to Schwab, the crisis was an opportunity for a global reset that included “stakeholder capitalism,” in which corporations could integrate social and environmental goals into their operations, especially working toward “net-zero emissions” and a massive transition to green energy, and “harnessing” the Fourth Industrial Revolution, including artificial intelligence and automation.
Much of Schwab’s personal wealth came from running the World Economic Forum; as chairman, he earned an annual salary of 1 million Swiss francs (approximately $1 million USD), and the WEF was supported financially through membership fees from over 1,000 companies worldwide as well as significant contributions from organizations such as the Bill & Melinda Gates Foundation. Vice Chairman Peter Brabeck-Letmathe is now serving as interim chairman until his replacement has been selected.
2025 Federal Election
POLL: Canadians want spending cuts

By Gage Haubrich
The Canadian Taxpayers Federation released Leger polling showing Canadians want the federal government to cut spending and shrink the size and cost of the bureaucracy.
“The poll shows most Canadians want the federal government to cut spending,” said Gage Haubrich, CTF Prairie Director. “Canadians know they pay too much tax because the government wastes too much money.”
Between 2019 and 2024, federal government spending increased 26 per cent even after accounting for inflation. Leger asked Canadians what they think should happen to federal government spending in the next five years. Results of the poll show:
- 43 per cent say reduce spending
- 20 per cent say increase spending
- 16 per cent say maintain spending
- 20 per cent don’t know
The federal government added 108,000 bureaucrats and increased the cost of the bureaucracy 73 per cent since 2016. Leger asked Canadians what they think should happen to the size and cost of the federal bureaucracy. Results of the poll show:
- 53 per cent say reduce
- 24 per cent say maintain
- 4 per cent say increase
- 19 per cent don’t know
Liberal Leader Mark Carney promised to “balance the operating budget in three years.” Leger asked Canadians if they believed Carney’s promise to balance the budget. Results of the poll show:
- 58 per cent are skeptical
- 32 per cent are confident
- 10 per cent don’t know
“Any politician that wants to fix the budget and cut taxes will need to shrink the size and cost of Ottawa’s bloated bureaucracy,” Haubrich said. “The polls show Canadians want to put the federal government on a diet and they won’t trust promises about balancing the budget unless politicians present credible plans.”
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