Former Liberal Finance Minister Monreau Criticizes New Budget as Being a Threat to Investment

A former federal finance minister is slamming parts of the federal budget, which was presented on April 16. Bill Morneau was Liberal finance minister from 2015 to 2020. He said there was talk of increasing the tax on capital gains while he was on the job, but he pushed back because he feared it would discourage investment. “This was very clearly something that while I was there, we resisted,” Mr. Morneau said on a post-budget webcast hosted by accounting firm KPMG on April 17. “And we resisted for very specific reasons. Concerned about the growth of the country.” Mr. Morneau said what will likely happen now is that investors and companies will think twice before investing in Canada....