Globe and Mail: Harper's capital gains promise fades from view

[tuvor]

Prime Minister Stephen Harper's 2006 campaign pledge to give Canadian investors a big capital gains break has turned out to be the runt of the litter when it comes to election promises.

The pledge has failed to make it out of the Conservative's campaign platform and into law over the two years since the Tories took power.

...

“I think what the hope is that people will generally forget about it,” former senior Finance official Len Farber says.

The 2006 Tory election platform vowed to eliminate taxes on capital gains reinvested within six months. “Canadians who invest, or inherit cottages or family heirlooms, should be able to sell those assets and plow their profits back into the economy without taking a tax hit,” the Tory platform said.

http://www.reportonbusiness.com/servlet/story/RTGAM.20080210.wrtax0210/BNStory/Business/home

[Bragi]

1. It was an idiotic promise /nt