This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2026-01-26 16:00:00",
"attribution": {
"en": "Pierre Leblanc",
"fr": "Pierre Leblanc"
},
"content": {
"en": "<p data-HoCid=\"9140634\" data-originallang=\"en\"> You're right: Budget 2024 proposed\u2014and you have this before you in Bill <a data-HoCid=\"13740928\" href=\"/bills/45-1/C-15/\" title=\"An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025\">C-15</a>\u2014to increase the lifetime capital gains exemption limit. It would have been otherwise, in 2024, just over $1 million, so...to $1.25 million in 2024 and in 2025.</p>\n<p data-HoCid=\"9140635\" data-originallang=\"en\">You also rightly mentioned that 2026 is the first year of indexation. We use the same indexation factor that we use for the rest of the tax system. It's based on the consumer price index, and for 2026 that's 2%. That's applied to the LCGE, just as it's applied to other tax parameters. The result is, now, that the LCGE in 2026 is $1.275 million, so it went up by $25,000. Basically, it'll continue to be indexed going forward, so next year and in future years by the same.... It will depend on the consumer price index and how that evolves, but it'll basically continue on that upward track, in accordance with CPI.</p>",
"fr": "<p data-HoCid=\"9140634\" data-originallang=\"en\"> Monsieur MacDonald, vous avez tout \u00e0 fait raison: le budget de 2024 proposait \u2014 et vous en avez l'exemple avec le projet de loi <a data-HoCid=\"13740928\" href=\"/bills/45-1/C-15/\" title=\"An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025\">C\u201115</a>,\u2014 d'augmenter la limite de l'ECGC. On parle ainsi d'une augmentation de 1,25 million de dollars en 2024 et en 2025.</p>\n<p data-HoCid=\"9140635\" data-originallang=\"en\">Vous avez \u00e9galement mentionn\u00e9 \u00e0 juste titre que 2026 est la premi\u00e8re ann\u00e9e d'indexation. Nous utilisons le m\u00eame facteur d'indexation que celui utilis\u00e9 pour le reste du r\u00e9gime fiscal. Ce facteur d'indexation est bas\u00e9 sur l'indice des prix \u00e0 la consommation, l'IPC, \u00e9valu\u00e9 \u00e0 2 % pour l'ann\u00e9e 2026. Il s'applique \u00e0 l'ECGC, tout comme il s'applique \u00e0 d'autres param\u00e8tres fiscaux. Il en r\u00e9sulte que l'ECGC en 2026 s'\u00e9l\u00e8ve d\u00e9sormais \u00e0 1,275 million de dollars, soit une augmentation de 25 000 dollars par rapport \u00e0 2025. En r\u00e9sum\u00e9, l'ECGC continuera \u00e0 \u00eatre index\u00e9e au m\u00eame rythme d\u00e8s l'ann\u00e9e prochaine, puis au cours des ann\u00e9es suivantes... Cela d\u00e9pendra en r\u00e9alit\u00e9 de l'\u00e9volution de l'IPC. Par cons\u00e9quent, l'ECGC continuera essentiellement \u00e0 suivre une tendance \u00e0 la hausse, conform\u00e9ment \u00e0 l'IPC.</p>"
},
"url": "/committees/finance/45-1/19/pierre-leblanc-10/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "13314545",
"document_url": "/committees/finance/45-1/19/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F45-1%2F19%2F"
}
}