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"I am announcing today common sense Conservatives will reverse last June’s Liberal tax hike on capital gains—a tax economists agree will kill 400,000 jobs."

"Canada will increase its capital gains taxes by effectively about 30% higher tax."

"We are very committed to the capital gains measures that we put forward in the budget."

Will the Capital Gains Tax in Canada Be Raised?

Canadian Prime Minister Mark Carney's Liberal Party has gained a parliamentary majority after securing a clean sweep of all three electoral districts up for grabs in the country's by-elections on Monday.

Canadian Prime Minister Mark Carney's Liberal Party has gained a parliamentary majority after securing a clean sweep of all three electoral districts up for grabs in the country's by-elections on Monday.

Two of the <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2026/carney-calls-april-byelections-in-three-ridings">three seats</a> — University-Rosedale and Scarborough Southwest — were vacated after their previous occupants, Chrystia Freeland and Bill Blair, resigned to accept different posts. The Terrebonne by-election, meanwhile, was held after the Supreme Court of Canada overturned the district's April 2025 election results in February.

Two of the three seats — University-Rosedale and Scarborough Southwest — were vacated after their previous occupants, Chrystia Freeland and Bill Blair, resigned to accept different posts. The Terrebonne by-election, meanwhile, was held after the Supreme Court of Canada overturned the district's April 2025 election results in February.

In University-Rosedale, the Liberal candidate, Danielle Martin, won with 19,961 votes, equalling 64.4% of the vote. The New Democratic Party (NDP) and the Conservative Party of Canada came in a distant second and third at 18.9% and 12.4%, respectively.

In University-Rosedale, the Liberal candidate, Danielle Martin, won with 19,961 votes, equalling 64.4% of the vote. The New Democratic Party (NDP) and the Conservative Party of Canada came in a distant second and third at 18.9% and 12.4%, respectively.

The Liberals' Doly Begum — who defected from the NDP in February — enjoyed similar success, after gaining 69.9% of the vote in Scarborough Southwest. The Conservatives came in second with 18.4%, while the NDP secured only 6%.

The Liberals' Doly Begum — who defected from the NDP in February — enjoyed similar success, after gaining 69.9% of the vote in Scarborough Southwest. The Conservatives came in second with 18.4%, while the NDP secured only 6%.

The competition in Terrebonne, meanwhile, was more closely contested, with the Liberals' Tatiana Auguste beating Bloc Québécois' Nathalie Sinclair-Desgagné by 731 votes, an improvement on Auguste's initial performance in April 2025, in which she defeated the Bloc candidate by a single vote.

The competition in Terrebonne, meanwhile, was more closely contested, with the Liberals' Tatiana Auguste beating Bloc Québécois' Nathalie Sinclair-Desgagné by 731 votes, an improvement on Auguste's initial performance in April 2025, in which she defeated the Bloc candidate by a single vote.

The three victories bring the Liberal government's total seat count in the 343-seat Canadian House of Commons to 172, up from 169, a total bolstered in recent months by several defections from the Conservatives.

The three victories bring the Liberal government's total seat count in the 343-seat Canadian House of Commons to 172, up from 169, a total bolstered in recent months by several defections from the Conservatives.

The results of Monday's by-elections are an overwhelming vote of confidence in the Liberal government and its plan for the country. With its newfound parliamentary majority, the Liberals will work tirelessly to build a Canada fit for all, while still operating with the collaborative spirit and openness that seeks to engage perspectives from other parties to strengthen the nation.

The results of Monday's by-elections are an overwhelming vote of confidence in the Liberal government and its plan for the country. With its newfound parliamentary majority, the Liberals will work tirelessly to build a Canada fit for all, while still operating with the collaborative spirit and openness that seeks to engage perspectives from other parties to strengthen the nation.

Liberal Party narrative

The Liberal so-called victories on Monday are not a reflection of its overwhelming popularity or the strength of its democratic mandate. Rather, they were born from questionable backroom deals and suspect politicking as part of a cynical power grab, which is why the Conservatives will continue to hold the government to account every step of the way.

The Liberal so-called victories on Monday are not a reflection of its overwhelming popularity or the strength of its democratic mandate. Rather, they were born from questionable backroom deals and suspect politicking as part of a cynical power grab, which is why the Conservatives will continue to hold the government to account every step of the way.

Conservative Party of Canada

Conservative Party narrative

There is a 50% chance the Liberal Party will win the most seats in the next Canadian federal election, according to the Metaculus prediction community.

There is a 50% chance the Liberal Party will win the most seats in the next Canadian federal election, according to the Metaculus prediction community.

Canada: By-Elections Secure Carney's Liberals a Majority

The Spin

Liberal Party narrative

Conservative Party narrative

Metaculus Prediction

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Canada: By-Elections Secure Carney's Liberals a Majority

The Spin

Liberal Party narrative

Conservative Party narrative

Metaculus Prediction

Public Figures

The Controversies

Poilievre

Shenoy

Freeland

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