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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@8CB9T9M5yrs5Y
Do not know enough about the subject to make a meaningful stance
@8FZ93WY5yrs5Y
if the real state isn't being housed or maintain a tax should be imposed
@B46V7MRLibertarian2wks2W
The question would do better to read non-citizens, not non-residents, in which case I would answer Yes, and the tax should be higher
@9H6GJSN1yr1Y
I believe that if you simply don't live in Canada, nor are a permanent resident, and or on a student and work visa, you shouldn't be able to purchase property above a certain amount as it simply isn't fair to Canadians who live here and can't afford or purchase a house due to this.
@8THHZYM4yrs4Y
Yes, but only on citizens within the 1 percent of the wealth bracket
@B43QV9M2wks2W
Yes, and the tax should be at least 10% if occupied, 90% if unoccupied by a determined amount capacity
@B3YW9623wks3W
No, because foreigners should be completely banned from buying or owning property in Canada. Canada is for Canadians, not the rest of the world.
@9L5R7PF1yr1Y
The tax should be higher but for non-citizens who are non-residents NOT simply non-residents. If you have been a law abiding citizen and have to move for work or choose to move to another country, you should not pay the high tax. Laws need to be realistic about modern work and life. Many people move in and out of a country due to work, education, retirement, family demands, etc…
@9KC6XPW1yr1Y
Tax imposed based on frequency of buy + sell ... to ding speculators, who are driving the prices up.
@9FMPCV82yrs2Y
After the economy improves then we can, however with the housing crisis and other such problems it is not currently fisable.
@9FB68RG2yrs2Y
Real estate should not be able to be owned by non-residents.
@9F5KMPV2yrs2Y
Foreigner buyers shouldn't be allowed to make buying houses more expensive for Canadians.
@9DF4NMQConservative2yrs2Y
Yes, taxes should be adjusted with in accordance to the demand of housing.
@9DDZBL42yrs2Y
No. That is inhumane to punish any living being for living in a house
@9YNBMP45mos5MO
No, abolish foreign ownership instead except permanent residents who can get one primary residence they have to live in.
@9RGCB9P8mos8MO
We should be able to investigate if these properties are vacant or not and apply it only for vacant properties and it should be higher.
@9GH2KFF1yr1Y
The government should impose a 10% tax on everyone living in Canada unless they have been living in Canada as a citizen for over 20 years.
@98XLG3K2yrs2Y
Yes, but the tax should be adjusted based on the financial profile of the individual or corporation in question
@98XTFBC2yrs2Y
If you don't plan on moving here or a Canadian yet, you should have 0 right to buy any property. Unless you're approved to move here then you should own the average amount.
These people screwed our market.
@9BRNCGJ2yrs2Y
Foreigners should not own real estate
@999FLJJ2yrs2Y
it should be based on income
@95ZWDQ53yrs3Y
A tax should be placed for real estate of 15-30% depending on the company itself.
@95YCKNY3yrs3Y
@957BLNV3yrs3Y
No as it would be a money grab.
@8XBLRJYLibertarian3yrs3Y
No, implement a land value tax instead
@8W2MWPSNew Democratic4yrs4Y
No, but non-residents should be prevented from renting out or leasing out property that they own in Canada.
@8VXTWFX4yrs4Y
Yes, on Non Canadian Residents. Foreign nationals should be taxed up to 25% for Canadian property they own when they do not reside in Canada or contribute to our economy
@8VVFD6V4yrs4Y
This should be far higher than 1%
@8VTTQFQ4yrs4Y
Only if the value of said real-estate is over 1M CAD.
@8VJBD29Libertarian4yrs4Y
Only if the property is left vacant for extended periods or foreign owned
@8VH22SV4yrs4Y
Non resident who own real estate should pay their fair share in property tax yes.
Non-residents and corporations shouldn't be permitted to own housing. There also should be strict background review on individuals buying a house, in order to make sure they aren't buying it for non-residents.
Foreign ownership should be prohibited.
@8VDFSJQ4yrs4Y
Yes but not to Canadians living abroad
@8VBRGPL4yrs4Y
no non resident ownership
@8VBKKBW4yrs4Y
Yes, the tax should be at least 5% but rent should also be capped so the increase isn't pushed onto renters
@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!
@8V4NKBZ4yrs4Y
Real-estate should not be owned by non-residents unless affordable real estate is in excess.
@8V2M85H4yrs4Y
Non residents should be banned from owning residential property
@8TWMPTP4yrs4Y
No... real estate should be the same for everyone
@8TWHGQP4yrs4Y
Housing should be for legal citizens only
@8T4XD754yrs4Y
Depends on the owner's financial background.
@8SZW7RW4yrs4Y
Yes but supply is also an issue and building more affordable housing should be a priority not just taxes
@8SBKV4FConservative4yrs4Y
i dont understand question.
@8S5LPK44yrs4Y
yes if the house is not in use
@8RXXKS24yrs4Y
No one how is not a citizen of Canada show own property in Canada
@8QSJYPGConservative4yrs4Y
They should pay the same
@8QPSNYQConservative4yrs4Y
Taxes should be very low
@Matt117589Green4yrs4Y
Foreign buyers that are not citizens should pay at least 5% taxes on real estate they own
@8PTB22N4yrs4Y
A non resident should be reworded as non Canadian resident. And non Canadian residents should pay a minimum of 20% real estate tax.
@8PKDRPX4yrs4Y
Yes, if it is by a coorporation
@8P4MQYZ4yrs4Y
No, unless our country is in need of income
@8NY4LBZ4yrs4Y
The government should not allow real estate to be owned by non-residents
@8NXXMVH4yrs4Y
Yes, some non resident home buyers may use the house for illegal activity and the housing accommodations are mainly for residents who need one to reside there.
Corporations but not local landlords
@8K222LS4yrs4Y
you shouldn't be able to buy real estate if you are a non resident
@8DFMHKC5yrs5Y
@8DDJKTQ5yrs5Y
@8CV5WPN5yrs5Y
Do not know enough about this topic to answer.
@LilacPony5yrs5Y
I don't live somewhere that is affected by this. In higher rent areas, probably.
@9CFXL4X2yrs2Y
Thus the elephant in the room.
Yes, but be careful... this would decrease our overall by increasing the tax higher than 1 % but we need to tax harder on those who are finding it way too opportunistic and financially beneficial... Not because I'm a Marxist or believe in equality of outcome... Because you don't want to hurt those financially who just flourished by their own hard earned time and accolades who have a couple vacation homes. That's not what we're fighting here.
@9BVK4972yrs2Y
YES and make it at least 30%
@99MR6J32yrs2Y
Yes, however only if they are not planning on becoming a citizen and other land opportunities are not forthcoming.
@99LRPKF2yrs2Y
Yes, home-owning should be for Canadian Citizens, and residents like refugees first. Homes should also be difficult to purchase for individuals that will NOT be living in the homes if they have more than 1 home.
A family should be allowed to own at most 2 homes, but owning several homes and renting them out is immoral and a contributing factor to lack of home affordability and availability for younger generations
@99CW7D92yrs2Y
Only if purchase is speculative.
@974GZZC2yrs2Y
Tax should be increased to 20%, after 2 years of being vacant the government can take it back, sell it and use the money for schools/healthcare/infrastructure
@96VPR232yrs2Y
Yes, tax them half of the value of the home/land they want to own. 50% is giving
@96QMCSHConservative2yrs2Y
If you live here, you should be subject to the same rules as everyone
@952NWZX3yrs3Y
Yes, if most of them reside outside Canada most of the time.
@8VJ7MXZ4yrs4Y
No because it would increase rent
Yes, but only if they are foreign nationals
@8T88KBJ4yrs4Y
Yes, but only for out of country non-residents
@8J6H78S4yrs4Y
Or higher. And the government needs to take steps to reduce the money laundering loopholes that allow sham companies from foreign countries to buy up real estate as well as stop protecting the lawyers who know that this is occurring.
@967V2B42yrs2Y
I choose to remain neutral on political subjects
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