At this very instant an army of the best and brightest tax lawyers and accountants in Canada are devising structures to keep capital gains under $250,000. These people are good. And very expensive. 1/
The Budget was a highly political "tax the rich" hit which will miss the actually rich, who employ the clever tax folks, and nail what poor people think of as "the rich". People who make "a killing" on fifty thousand shares which go from $0.03 to $15.00. 2/
Which will make it all the harder for junior resource companies to raise the high risk funds they need to actually explore and the high tech/bio science people to raise the funds they need. It makes the already cash starved Venture Exchange even less attractive. 3/
And increasing the inclusion rate for CG greater than $250,000 is not going to raise all that much money. Perhaps a billion, perhaps a lot less. But Twitch was going for optics not tax efficiency. I suspect there are plenty of other measures of a similar sort. 4/