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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@8VMXKNFNew Democratic4yrs4Y
Yes, and it should be 50%
@96LZ6W7New Democratic2yrs2Y
Yes, If the non-residents are corparations. The tax should be 1-5 depending on the size and wealth of the corparation.
@96B4PTJNew Democratic2yrs2Y
Only if the real estate is unoccupied, and apply the same to residents.
@967SJS3New Democratic2yrs2Y
Yes, but only tax Corporations that own real estate.
@937ZYZYNew Democratic3yrs3Y
Yes, but only on for- profit industries
@8W2MWPSNew Democratic4yrs4Y
No, but non-residents should be prevented from renting out or leasing out property that they own in Canada.
@8V3G93TNew Democratic4yrs4Y
People who don't plan to live in Canada at least 50% of the time, should not be buying houses in Canada. If they buy a house and then decide not to live in it, the property should be foreclosed and given to low income permanent residents/refugees. No foreigner tax is needed. Driving up real estate prices and hoarding property is the problem, not the fact that they aren't from Canada.
@8TYXSVHNew Democratic4yrs4Y
Yes, and also ban foreign investments on Canadian real estate
@8SZRCTYNew Democratic4yrs4Y
Only Canadian citizens should own real property
@8RPTFHLNew Democratic4yrs4Y
Yes, but should not include small business
@8QXR442New Democratic4yrs4Y
Where I live there is no homelessness due to extreme temps therefore this law doesn't apply to me
@8QSKHXGNew Democratic4yrs4Y
Yes, but the term "non-Canadian" should be well defined since I think it would be fair to tax wealthier people who could afford such taxation, however I don't think that poorer individuals should be taxed the same way.
@8PH3JJQNew Democratic4yrs4Y
They should not be allowed to purchase a home, without citizenship
@8NNM9ZKNew Democratic4yrs4Y
i am uneducated on this issue
@8KJB88DNew Democratic4yrs4Y
Make the profit made taxed instead
@8GV5MZDNew Democratic4yrs4Y
Impose a private investors wealth tax of 1% and raise interest.
@8GGZVGJNew Democratic4yrs4Y
No, the tax should be applied to all properties that are not a primary residence, occupied by individuals for more that 6 months out of the year.
@8DZCJ69New Democratic5yrs5Y
No, they should ban it completely
@98H9C83New Democratic2yrs2Y
Property in Canada should not be allowed to be bought unless you are a Canadian citizen
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