OTTAWA — The federal Conservatives announced Tuesday they will vote against the Liberals’ increase to the capital gains tax hike, arguing the changes will kill innovation in the country’s economy and punish farmers, retirees, entrepreneurs and doctors.

The party’s leader, Pierre Poilievre, announced his MPs would not be supporting the tax changes ahead of a vote expected Tuesday afternoon, ending weeks of ambiguity on a policy that the Liberals had purportedly designed to strategically ensnare the Conservatives.