When Parliament was prorogued, all bills and motions that had not yet received royal assent were essentially killed. So why is the Canada Revenue Agency charging higher capital gains taxes that were never formally adopted by Parliament?

Despite the current prorogation, the finance department says the CRA will issue taxpayer forms in accordance with the proposed capital gains rules by January 31. The department says the CRA will stop administering the policy if Parliament resumes and the government signals it will no longer proceed with the proposed changes.

The Canada Revenue Agency expects Canadians to adhere to a proposed capital gains tax increase – despite the fact the measure may never be passed into law.

Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation

The federal government says the Canada Revenue Agency will continue to administer the capital gains tax changes proposed in the budget last year, even though they haven't passed in Parliament, which is prorogued until March 24.

Prime Minister Justin Trudeau's government will continue to collect a modified capital gains tax, the finance ministry said on Tuesday, after the proposed measure was thrown into limbo when Trudeau suspended parliament.

The fate of the capital gains tax is up in the air after Prime Minister Justin Trudeau's decision to resign and prorogue Parliament.

For companies, the capital gains tax change was that the inclusion rate for capital gains would be 66 per cent starting with the first dollar. Before June 25, companies were only required to pay tax on 50 per cent of each dollar in capital gains.

Capital gains is the profit you make from selling a capital asset (real eastate, vehicle, collectibles etc) Learn about taxes occured and capital gains.