Ottawa, ON – Yesterday, Conservative Leader Pierre Poilievre announced his Canada First Reinvestment Tax Cut so that any person or business selling an asset will pay no capital gains tax when they reinvest the proceeds in Canada. These gains will still be taxed later on when investors cash out or move the money out of Canada. The break will be available on any reinvestments done until the end of 2026. If it creates an economic boom, as expected, it will be made permanent.
This policy will create a powerful incentive to sell foreign investments and reinvest the proceeds, creating jobs in Canada. Since then, we have received countless messages supporting Pierre’s plan. Here are just a few:
“This idea has potential to really help Canadian small businesses. Good to see capital gains raised as an election issue. Looking forward to details.”
Dan Kelly, President and CEO, Canadian Federation of Independent Business (CFIB)
“CFAA is pleased to see the CPC announce the Canada First Reinvestment Tax Cut. This tax cut will encourage capital to stay in Canada & is key to tackling the housing crisis while promoting investment. CFAA looks forward to seeing housing policy at the front & centre of this election.”
Canadian Federation of Apartment Associations
“At CCI, we have long advocated for policies that enhance access to capital for high-potential Canadian firms — whether through improved non-dilutive funding, streamlined tax credits, or investment incentives that keep capital working inside Canada. The proposed Canada First Reinvestment Tax Cut aligns with that broader objective by aiming to encourage domestic reinvestment and support business growth.”
Council of Canadian Innovators
“This is really smart. Basically make capital gains outcomes reinvested in Canada tax free.”
“The ‘Bring It Home Tax Cut’ is a smart, pro-growth policy move — rewarding reinvestment and helping keep Canadian innovation in Canada. If we want to build a globally competitive economy, this is exactly the kind of thinking we need.
“I don’t know if Liberals will copy this but regardless, we need more incentives for Canadians to invest in Canada. That should include tech companies too. That will lead to more Canadian jobs. This needs more attention.”
John Wright, Co-founder of StatsDrone
“Really interesting approach to keep more capital in Canada.”
Braeden Pauls, CEO and co-founder of Füm
“This is what Canada needs. Bravo”
“I run a Canadian business, and I would use this today. A breakthrough and smart tax policy every party should endorse because it helps every Canadian with a dollars to invest, big amounts or small.”
“I think this is fantastic policy. We need strategies that help lower Canadian company’s cost of capital. Small businesses are the most likely to benefit from this and much needed capital can more efficiently go to help shrink the productivity gap by helping to invest in plant and machinery. Canadians need to buy Canadian with their investment dollars and I think this helps incentivise that.”
Paul Andreola, CEO of NameSilo Tech and SmallCap Discoveries
“This is a great policy idea. Let’s incentivize Canadian capital being deployed in Canada.”
Daniel Sax, CEO and Founder of the Canadian Space Mining Corporation
“This would be a substantive change in mobilizing dormant capital to ignite investment and economic growth. Canada desperately need more of this…”
Pasquale Sasso, Owner, Sasso Home Marketing Group
“Pierre Poilievre proposes a tax policy in a similar style to the 1031 exchange, but for Canada. ‘Canada First Reinvestment Tax Cut: no capital gains tax when you reinvest proceeds IN CANADA.’ My opinion? Good policy. Especially to be competitive against Canadian capital investing in the US. Canadians are the biggest investors in US real estate and they love the 1031 exchange. With a lot of that capital selling US properties and coming back to Canada, this will be impactful.”
Daniel Foch, Chief Real Estate Officer, Valery.ca
“1031 for all assets. This would be huge for home building in particular.”
Chris Spoke, Partner at Toronto Standard
“This is the leadership canada needs”
Paolo Abate, CEO of HAVEN Developments
“Whoa!! Another fantastic idea! This will surely help bring back investment dollars to Canada, rather than losing them to places like the U.S. for tax advantages.”
“By far the best financial proposal. It will bring in so much of investment in new projects”
Sunil Saini, Mississauga Real Estate Broker
“This is big! For a very long time the Canadian Real Estate Association has been lobbying for fairness in Capital Gains, allowing owners of multi unit PBR to sell & reinvest in larger buildings or build new buildings without getting hit with capital gains on the building they sell. It’s a perk big developers have with land, but not small investors with buildings.”
Donna Bacher, New Brunswick Realtor
“This is another great tax policy. Clients of mine have been asking about this for years. Reinvesting in Canada will not have tax up front. No capital gains tax until you actually cash out which means more being invested for buildings, equipment, employees, factories and more.”
Sharon Perry, Owner, Sharon Perry & Associates
“Capital gains taxes are a huge drag on Canada’s economy. Poilievre’s announcement is a big move to encourage more investment, more development and more growth in Canada. Canadians are way over taxed. Keep the tax cuts coming.”
Franco Terrazzano, Federal Director, Canadian Taxpayers Federation
“This is massive. A bold idea that’s addresses our languishing productivity, keeping Canadian dollars in Canada and one that will allow business owners and entrepreneurs to think long term. Way to go.”
Mark Mulroney, Vice Chairman of Global Banking & Markets at Scotiabank
“Great move from CPC!!”
Ryan Khan, Private Equity at AtlasView Equity
“If Canadians — such as our wonderful existing and budding entrepreneurs — can defer taxation by reinvesting in Canada, this might do wonders to increase overall economic activity.”
Kim Moody, Founder of Moodys Tax & Moodys Private Client
“This is a winning idea for Canada. It directly addresses our low productivity by allowing companies to invest in better technology.”
Dr. David Jacobs, Chair, Ontario Association of Radiologists
“This is AMAZING. Please listen to Pierre Poilievre even if you’re a loyal liberal. NO capital gains tax if you invest in Canada!”
Vivian Allen Boyko, Retired Canadian Author
“This is the most economically impactful policy announcement of this campaign, from any party. If properly designed & implemented, this could unleash a wave of new, more efficient capital investment in Canada. It could finally help turn around our 30 year decline in productivity, and our decade long decline in real incomes.”
