Federal Conservative Leader Pierre Poilievre is vowing to reverse the recent capital gains tax increase – a hike the Opposition leader says will kill more than 400,000 jobs across the country.

The federal government increased the capital gains tax inclusion rate to 66 per cent in June.

In a news conference in British Columbia today, Poilievre says the increase is further driving “billions of dollars out of our country” as Canada faces-down the possibility of US tariffs on Canadian goods.

“What has been the result of this path?” Poilievre asked reporters “Canada’s per capita GDP income per person has dropped more than any other country in that time period since 2020. That means lower wages and less purchasing power.”

“We’ve seen $500 billion of Canadian investment pour into the United States to build pipelines, mines, factories homes and other infrastructure, creating American jobs with Canadian investment dollars.”