Justice minister deletes capital gains video that contained inaccurate information

Justice Minister Arif Virani has deleted a video about the Liberal government's capital gains tax changes that contained inaccurate information.

Virani posted a video Monday on social media that was meant to explain to his constituents how the tax changes work. But the video contained a number of errors about what happens when someone gives a secondary residence to a family member, and about the tax rate itself.

The post has since been deleted. When asked about the video during a press conference Tuesday, Virani didn't directly answer the question.

«The information with respect to capital gains is critical in terms of communicating that out to Canadians,» he said in response. He then went on to repeat Liberal talking points about how the changes are meant to address «fairness» in the tax system.

Virani's constituency office later provided CBC News with a statement saying that the video required more context.

«There was some nuance in the video posted by MP Virani that would benefit from additional context, so we decided to take it down to minimize confusion,» the statement said.

The video was deleted after Conservative MP Michelle Rempel Garner and Conservative MP Philip Lawrence, in an online post, pointed out errors in what the minister said.

«The minister of justice shouldn't be putting out misleading information like this to begin with,» Rempel Garner told CBC News.

A capital gain is the difference between an asset's cost and its total sale price. That asset could be a cottage, an investment property, a stock or a mutual fund. In Canada, primary residences are not included under the capital gains tax.

The changes that took effect last month raised the capital gains inclusion rate for individuals — the amount of a capital gain