Canada's planned capital gains tax hike may choke mining startups, dealmakers say

Canada's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral exploration by reducing incentives, the country's leading stock exchange operator and dealmakers told Reuters. Prime Minister Justin Trudeau's Liberal government proposed increasing the share of capital gains subject to taxation to two-thirds for individuals with annual investment profits greater than C$250 000, companies and trusts, as it seeks to raise revenue to fund public programs.