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
@967SJS3New Democratic2yrs2Y
Yes, but only tax Corporations that own real estate.
@963W6K93yrs3Y
Add a tax for people who own many homes but only live in one, and attempt to prevent "house flipping" to help reduce real estate prices and make housing more accessible.
Government should fund low income housing to make rent more affordable for the middle class. Or put a cap on how much landlords can charge for rent
Yes, should be taxed more if they own more real estate
@8SVMJ6M4yrs4Y
small family owned businesses should not have increased tax but chain and big corporations should have 15% increase
@8SHVZDW4yrs4Y
i dont have a preferance
@8NNM9ZKNew Democratic4yrs4Y
i am uneducated on this issue
@8LNGGBX4yrs4Y
I dont understand this lol
@8J8TFDJ4yrs4Y
not on small independent businesses
@8D9MVLJ5yrs5Y
Yes, but it depends on the cost of the home.
@92Z7NFF3yrs3Y
yes, if their property value is over a certain amount or they have a certain level of wealth
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