POLITICS

The Liberals will struggle to rebuild their reputation and voter base, while Pierre Poilievre will likely take over the PMO and grapple with a disillusioned electorate. In the midst of all this turnover? A new Trump presidency.

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1 Poilievre Will Kill the Capital Gains Tax

The Liberals' least-loved policy is the change to how capital gains are taxed: under the new rules, two-thirds of any individual's gains over $250,000 annually will be taxed, compared to the previous rate of one-half. Bay Streeters were apoplectic at the news, along with startup founders, business owners and physicians, many of whom bill provincial governments through private corporations. Poilievre voted against the hike and, in all likelihood, will kill it if he enters the PMO. In a 15-minute video about the economy, he predicted that the tax will cause businesses, jobs and family doctors to leave the country.

2 Trump's Presidency Will Wreak Economic Havoc

When Donald Trump re-won the American presidency, Canadian economists all sounded the same alarm: tariffs, tariffs, tariffs. Trump has vowed to impose levies of up to 20 per cent on all imports that come into the U.S., a plan that could cost the Canadian economy billions. The Liberal government has played it cool, claiming that it's dealt with Trump before and can do so again-one of the first things Justin Trudeau did after the Donald's latest victory was re-form a cabinet committee devoted to Canada-U.S. relations.

3 The $10-a-Day Childcare Program Will Enter the Home Stretch