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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@9BQLZ9Z2yrs2Y
ONLY if the house vacant
@96KLSS82yrs2Y
I don't get what this means
@93TM7X63yrs3Y
Yes, and the tax should be at least 80% or higher.
@937CKTF3yrs3Y
i think there is no point in a 1% tax
@8VNB8MD4yrs4Y
non residents should not be allowed to buy property
@8RD3ZNK4yrs4Y
They should pay whatever the government feels they can without going broke
@8RBHMB44yrs4Y
Tax should be even for everyone but not alot
@8NVX5TH4yrs4Y
Yes, but citizens should be exempt.
@8JCWFWG4yrs4Y
I think the tax should be for non permanent residents.
@8GJZLMN4yrs4Y
Yes, and it should be higher if they are not residing in that home moor than 70% of the year
@9BSYMVY2yrs2Y
Yes, and the tax should be at least 80%
@9B6YTJW2yrs2Y
This will probably just cause rent to increase
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