Canadian PM candidate has an offer that investors can’t refuse

On Apr. 16, Prime ministerial candidate Pierre Poilievre shared his Conservative Party’s economic action plan ahead of the federal elections to be held later this month in Canada.

The plan included zero capital gains tax on reinvestment in Canada, zero sales tax on new homes, and income tax reduction by 15%, among other components.

The economic action plan shared by Poilievre got some members of the Canadian Bitcoin community excited.

Peter Todd, the Canadian software developer well known for being an early contributor to the development of Bitcoin, was particularly interested in zero capital gains tax.

“On second thought, yes I am Canadian, and yes I am Satoshi,” he wrote on X.

Todd’s reference to him being Satoshi was a cheeky reference to a theory that he indeed is the pseudonymous developer of Bitcoin, Satoshi Nakamoto. An HBO documentary released in 2024, ‘Money Electric: The Bitcoin Mystery,’ that featured Todd proposed that he could be Satoshi. He denied it, saying the claim was “ludicrous.”

Francis Pouliot, another Canadian Bitcoiner, also seemed excited by the prospect of zilch capital gains tax and sales tax on new homes. He wondered if selling stocks to buy Bitcoin in Canada and thereafter selling Bitcoin in Canada to buy a home in the country constituted reinvesting in Canada.

“These would be huge selling points for voters,” Pouliot said. The founder and CEO of Bull Bitcoin, he is an entrepreneur involved in building infrastructure for Bitcoin since 2013.

The federal election in Canada will be held on Apr. 28, in which Poilievre is running for the PM’s position. He is the leader of the Conservative Party of Canada, who also serves as the leader of the Official Opposition.

Currently, the Liberal Party under the leadership of PM Mark Carney is in charge of the parliament.

Meanwhile, the tariff escalations by President Donald Trump led to a bitter trade spat between allies U.S. and Canada. The tariff tensions also had the crypto market stumbling for days.

Bitcoin, the largest cryptocurrency, is yet to scale back to its pre-Apr. 2 — when Trump hiked tariffs — levels and was trading at $84,505.97 at press time as per Kraken’s price feed.