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
@9DF4NMQConservative2yrs2Y
Yes, taxes should be adjusted with in accordance to the demand of housing.
@96D8MBBConservative2yrs2Y
Is 1% tax really going to help?
@96BH7YGConservative2yrs2Y
No, Government should be reducing overall tax burden
@964SF29Conservative3yrs3Y
Yes but only if the non-resident has a high salary.
@8YCSYPTConservative3yrs3Y
If Canadians can not buy a home from their country, they should not have the same privilege.
@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.
@8V22C72Conservative4yrs4Y
They shouldn’t be allowed to buy homes if they are not a Canadian resident
@8SZX386Conservative4yrs4Y
Yes but housing issues cannot be solved by taxation alone. Government needs to support increasing the supply of affordable housing.
@8SBKV4FConservative4yrs4Y
i dont understand question.
@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
@8HTQ8ZDConservative4yrs4Y
, no , Should be the same. But pay more property tax
@9CMQ8RFConservative2yrs2Y
Tax landlords more by 30%
@9BRFWM4Conservative2yrs2Y
In my opinion I say that it depends how long they are there.
@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.
@8GHTMKHConservative4yrs4Y
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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