In 2019 Prime Minister Justin Trudeau proposed a 1% tax on resident non-Canadians. The proposal’s goal is to prevent foreign buyers from driving up the cost of real estate for residents. British Columbia currently levies a 2% speculation tax and Ontario levies a 15% tax. Opponents argue that the current spike in real estate prices is due to the strong domestic economy instead of investments from foreigners.
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@8THHZYM4yrs4Y
Yes, but only on citizens within the 1 percent of the wealth bracket
Yes, so long as the funds go back into first-time home buyers or other programs/incentives for Canadian home buyers.
@8VRR82C4yrs4Y
Foreigners should not be allowed to purchase land in Canada.
Yes, should be taxed more if they own more real estate
@8TVYVMB4yrs4Y
Increased tax on owning multiple properties to ideally lower cost of housing.
@8TH8NY24yrs4Y
I don't think we should penalize individuals who own one house, but there should be stiff regulation and taxes for private equity or mass purchasing to be slumlords
@8PKDRPX4yrs4Y
Yes, if it is by a coorporation
@8J8TFDJ4yrs4Y
not on small independent businesses
@92Z7NFF3yrs3Y
yes, if their property value is over a certain amount or they have a certain level of wealth
@8T88KBJ4yrs4Y
Yes, but only for out of country non-residents
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