Increased government spending has been essential in response to the COVID-19 pandemic. However, this may mean that governments will need to find a way to boost revenues. They can indirectly raise revenues by boosting economic activity, income, and wealth. They can also directly raise revenues by increasing tax rates, reducing tax breaks, expanding the tax base, improving tax enforcement and levying new taxes. Increasing the capital gain inclusion rate may be one tax change the Canadian government could consider in order to boost tax revenues. This has Canada speculating, again, if a hike to the capital gains inclusion rate may occur in the next federal budget.