Confidence vote on Liberal changes to capital gains tax delayed

A confidence vote on a government budget motion may not occur today as planned, but the Liberals are still under pressure with an impending vote on a Bloc Quebecois ultimatum.

The ways and means motion, which is intended to facilitate changes to capital gains taxes, was originally scheduled for this afternoon. However, it has been postponed while the House of Commons addresses unrelated matters of privilege.

The capital gains inclusion rate was modified in June, and the motion currently before the House would enable the government to introduce legislation to formalize these changes.

Since there is no specific timeline for debating matters of privilege, it remains unclear when the ways and means vote can be rescheduled.

Nonetheless, the Liberals must make a decision this afternoon regarding a Bloc motion requesting them to provide a royal recommendation for a bill aimed at increasing Old Age Security pension payouts for seniors aged 65 to 75.

In 2022, the Liberals raised the pension by 10 percent for seniors over 75, and opposition parties have unanimously supported the Bloc’s initiative to expand this benefit.