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Deepak Shenoy

"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?

Three federal by-elections were held on April 13 in the Toronto-area ridings of University-Rosedale and Scarborough Southwest, and the Montreal-area riding of Terrebonne, with results expected to give Prime Minister Mark Carney's Liberals a majority.

Three federal by-elections were held on April 13 in the Toronto-area ridings of University-Rosedale and Scarborough Southwest, and the Montreal-area riding of Terrebonne, with results expected to give Prime Minister Mark Carney's Liberals a majority.

The Liberals held 171 of 343 House of Commons seats heading into the by-elections, after five opposition MPs — four Conservatives and one New Democrat — crossed the floor to join Carney's party.

The Liberals held 171 of 343 House of Commons seats heading into the by-elections, after five opposition MPs — four Conservatives and one New Democrat — crossed the floor to join Carney's party.

The Terrebonne seat was contested after Canada's Supreme Court annulled the Liberals' one-vote win from the April 2025 federal election, following a complaint that a mail-in ballot had not been counted.

The Terrebonne seat was contested after Canada's Supreme Court annulled the Liberals' one-vote win from the April 2025 federal election, following a complaint that a mail-in ballot had not been counted.

The most recent floor-crosser, Ontario MP Marilyn Gladu, was elected four times as a Conservative and is described as "personally pro-life," though she has said she will vote in line with the Liberals on such issues.

The most recent floor-crosser, Ontario MP Marilyn Gladu, was elected four times as a Conservative and is described as "personally pro-life," though she has said she will vote in line with the Liberals on such issues.

A Nanos poll from the week of the by-elections showed the Liberals leading Conservatives by 15 points, while a separate Angus Reid poll found more than 40 percent of Canadians reported medium or high financial pressure over food prices and personal debt.

A Nanos poll from the week of the by-elections showed the Liberals leading Conservatives by 15 points, while a separate Angus Reid poll found more than 40 percent of Canadians reported medium or high financial pressure over food prices and personal debt.

A Liberal majority would allow Carney's government to take control of House committees, which opposition parties had used to slow legislation on bail reform, cybersecurity and border security, and would push the next scheduled election to 2029.

A Liberal majority would allow Carney's government to take control of House committees, which opposition parties had used to slow legislation on bail reform, cybersecurity and border security, and would push the next scheduled election to 2029.

By-elections Could Hand Carney Liberals a Majority

By-elections Could Hand Carney Liberals a Majority

The Controversies

Poilievre

Shenoy

Freeland

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By-elections Could Hand Carney Liberals a Majority

By-elections Could Hand Carney Liberals a Majority

The Controversies

Poilievre

Shenoy

Freeland

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