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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@9ZHRVZKIndependent5mos5MO
The government should impose a tax on all privately-owned land, regardless of whether its owner is foreign or Canadian, and it should be higher than 1%.
@8Y2YNB93yrs3Y
They shouldn't be allowed to buy
@8YCSYPTConservative3yrs3Y
If Canadians can not buy a home from their country, they should not have the same privilege.
@96KLSS82yrs2Y
I don't get what this means
@8VVHG8S4yrs4Y
Those who does not have any canadian relatives, yes. Who inherited property from a canadian, no.
@8VJ93FXConservative4yrs4Y
Non Canadians should not be allowed to own Canadian property
Canadians should own Canadian soil
@8V9D5ZL4yrs4Y
There are not many non-residents who own property. Perhaps you mean foreign owners who are not Canadian citizens? Different scenario and they should be taxed!
@8V25LSD4yrs4Y
Yes’s and the tax should be 40%
@8TZ4RYD4yrs4Y
If you are not Canadian you should not own property period.
@8TW53HQ4yrs4Y
Should ban foreign ownership outright.
@8TK3CTB4yrs4Y
Abolish non-resident home buyers
@8R96V9G4yrs4Y
non-residents should not be allowed to own property in Canada.
@8R39K474yrs4Y
@8PY6H544yrs4Y
non residents should not be allowed tp own real estate.
@8PMHH9S4yrs4Y
Non-residents should not be allowed to buy real estate.
@8NVZ2PD4yrs4Y
Yes, commercial business employing Canadians exempt from increases
@96J9G4J2yrs2Y
Non-citizens should not be allowed to own real estate in Canada.
@8T3R69V4yrs4Y
The government should heavily tax those who own real estate in Canada but do not reside in Canada.
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