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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@9MCJ3PYConservative11mos11MO
Yes this is very important and infraction i think it should be more because if they have enough money to buy two houses in this day and age of canada t heir obviously wealthy enough to be able to pay taxes and the taxes from this should be going back to the people not the priminister
@9FB68RG2yrs2Y
Real estate should not be able to be owned by non-residents.
@9DF4NMQConservative2yrs2Y
Yes, taxes should be adjusted with in accordance to the demand of housing.
@9BQ2TK92yrs2Y
Yes, but for those who don't pay taxes, or entities that operate outside of Canada.
@96D8MBBConservative3yrs3Y
Is 1% tax really going to help?
@96BH7YGConservative3yrs3Y
No, Government should be reducing overall tax burden
@964SF29Conservative3yrs3Y
Yes but only if the non-resident has a high salary.
@8WCZ7FV4yrs4Y
yes because it will be cheaper.
@8VVH96YConservative4yrs4Y
If it is not their primary residence, owned and operated business out of said building, or holiday home.
@8VJ93FXConservative4yrs4Y
Non Canadians should not be allowed to own Canadian property
@8VH2TZWConservative4yrs4Y
Yes, I believe in maintaining a variable tax rate to control the influx of non résident investors. There should also be strict guidelines that they must follow in order to purchase property in Canada. The federal government also needs better statistics with regards to the real estate market.
@8VFG223Conservative4yrs4Y
They shouldn't own if not a resident
@8VBV65TConservative4yrs4Y
Should be dependent on their annual income
@8V6FCJJConservative4yrs4Y
No, If housing supply is too low due to non-residents, only citizens can own real estate.
@8V45ST44yrs4Y
Non residents should not have property in Canada unless they immigrate properly then receive legal citizenship after going through legal channels
@8V22C72Conservative4yrs4Y
They shouldn’t be allowed to buy homes if they are not a Canadian resident
@8TWHGQP4yrs4Y
Housing should be for legal citizens only
@8TNH6VG4yrs4Y
non residents should not be able to own real estate.
@8TJSL6Y4yrs4Y
There should be a tax after a certain amount of real estate is purchased (let's say for example 8 housing units)
@8SZX386Conservative4yrs4Y
Yes but housing issues cannot be solved by taxation alone. Government needs to support increasing the supply of affordable housing.
@8SP4VS94yrs4Y
A 10% tax should be imposed on those who do not reside in Canada. Individuals who live in multiple properties in Canada while staying in Canada should not be affected.
@8SBXN9S4yrs4Y
This tax should only be applied to those who reside outside of Canada.
@8SBKV4FConservative4yrs4Y
i dont understand question.
@8RX87T34yrs4Y
restricted foreign interests from purchasing significant real estate
@8QSJYPGConservative4yrs4Y
They should pay the same
@8QPSNYQConservative4yrs4Y
Taxes should be very low
@8QCHD32Conservative4yrs4Y
Depends which Country the resident is from.
@8PMJYPMConservative4yrs4Y
Yes, and the tax should be equivalent to the tax a business or corporation pay
@8P4MQYZ4yrs4Y
No, unless our country is in need of income
@8K222LS4yrs4Y
you shouldn't be able to buy real estate if you are a non resident
@8J4HP424yrs4Y
dont add more god damn taxes
@8HTQ8ZDConservative4yrs4Y
, no , Should be the same. But pay more property tax
@8H8DY745yrs5Y
Yes, infact Canada should be deterring or stopping non-residents frim buying real estate.
@9CMQ8RFConservative2yrs2Y
Tax landlords more by 30%
@9BRFWM4Conservative2yrs2Y
In my opinion I say that it depends how long they are there.
@99H6FK52yrs2Y
Yes, but only if that non-resident is not permanently living in Canada.
@98MSVB3Conservative2yrs2Y
Non-resindents shouldn't be allowed to own property here
@96QMCSHConservative2yrs2Y
If you live here, you should be subject to the same rules as everyone
@8V98P3YConservative4yrs4Y
Yes - but should not apply to Canadians living abroad.
@8QWH4VH4yrs4Y
This question is not relevant to me individually
@8GHTMKHConservative5yrs5Y
Yes, there needs to be an annual tax on all property, it should be tiered like income tax so the higher the value the more you pay.
@8DKJZYDConservative5yrs5Y
Foreign buyer tax is already 20%. I don't believe that they need to add more.
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