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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@9W4LHPN6mos6MO
Yes, abd the tax should be at least 50% to deter purchasing of Canadian homes by foreign investors. Current foreign investors should be forced to offload ownership of anything over 2 properties. .
@9FQ5WWF2yrs2Y
The problem is that the foreign buyers have their PR. They don't show up properly.
@8QW7HCG4yrs4Y
stop taxing poor citizens who work hard inforce more taxes on richer people, i dont think that if you make less than 90,000$ a year u should be taxed
@9ZHRVZKIndependent5mos5MO
The government should impose a tax on all privately-owned land, regardless of whether its owner is foreign or Canadian, and it should be higher than 1%.
@9WYDMSD5mos5MO
No, but we should have a vacancy tax, if a person or business does not put a building to use, within some amount of time we should slowly impose vacancy taxes and consider seizing the asset for public use.
@9GNXXXT1yr1Y
Depends on what you mean by non-residents, as asylum seekers/refugees, consulates/diplomats and ambassadors, as well as NGOs, and so forth could all be seen as foreign, but provide an important service to this country.
@8VMXKNFNew Democratic4yrs4Y
Yes, and it should be 50%
Yes, and the tax should be at least 2%
@96BJF8N2yrs2Y
Yes, and they should mandate that unoccupied domestic properties be made available to rent for reasonable rates.
@96B4PTJNew Democratic2yrs2Y
Only if the real estate is unoccupied, and apply the same to residents.
Yes, only if they keep the estate vacant, the tax should be at least 10%
@964SF29Conservative3yrs3Y
Yes but only if the non-resident has a high salary.
@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.
@95YV2DZ3yrs3Y
Yes, for those not residing in Canada
@95WSRRQ3yrs3Y
Yes, but don't tax those that are permanent residents ect. Have a higher tax for people that are not guarenteed to stay.
@95K5YQG3yrs3Y
Yes, but it should depend on many things. If it's someone who's clearly speculating, and sitting on the property because of it's value, and has no intention of moving to the residence, then they should be subject to the tax, or an even higher tax depending on their income. If it's someone who is a refugee fleeing conflict, a non-permanent resident, someone who has claimed asylum, a foreign diplomat/consulate of another country, or even a international high school/university or college student, they should not be subject to the additional tax, as they have the potential to become citizens, but also can add great value to this country.
@95JD49Z3yrs3Y
Yes, the tax should be at least 40%
You shouldn't be allowed to own real estate as a non-resident
Yes, unless the real estate is their primary residence
@92KQP9V3yrs3Y
only if the real estate owners are of high financial status
@8VVB4W84yrs4Y
If they can do a back flip
@8VRR82C4yrs4Y
Foreigners should not be allowed to purchase land in Canada.
@8VP82K44yrs4Y
@8VFMF8J4yrs4Y
No foreign ownership unless the owner resides and lives in the home for at least 6 months per year. No foreign corporate ownership of Canadian land.
@8VBQ62Z4yrs4Y
Should be a ban of foreign buyers all in all
@8VB798L4yrs4Y
If the owner is using the real estate as a non family rental the tax should be at least 20%
@8V8L4X34yrs4Y
No, simply ban all foreign buyers. Foreign individuals and corporations should be banned to buy any residential real estate
@8V8DS7R4yrs4Y
Not on resident non Canadians as residents include landed immigrants who are working in and supporting local communities but may not have been here long enough to qualify for citizenship.
@8V79MYH4yrs4Y
Yes, and the tax should be 20% and amount of properties limited.
@8V6FCJJConservative4yrs4Y
No, If housing supply is too low due to non-residents, only citizens can own real estate.
@8V6C5CN4yrs4Y
Depends if the property is vacant or being used for local housing
@8V5DLH64yrs4Y
Non residents shouldn’t be buying real estate in Canada.
@8V4DMJS4yrs4Y
Non residents should not be allowed to purchase real estate
@8V45ST44yrs4Y
Non residents should not have property in Canada unless they immigrate properly then receive legal citizenship after going through legal channels
@8V3JNH24yrs4Y
Foreign buyers should pay a higher tax or not be able to.
@8V25LSD4yrs4Y
Yes’s and the tax should be 40%
@8TYXSVHNew Democratic4yrs4Y
Yes, and also ban foreign investments on Canadian real estate
@8TXVXML4yrs4Y
No, not if they are citizens living in the Country.
@8TVXHQW4yrs4Y
Depends on the overall wealth of the non-resident.
@8TR7LCQ4yrs4Y
Just ban speculative real estate
@8TNPS7W4yrs4Y
Maybe. If that non-resident's government taxes Canadians for owning real estate there, then Canada should tax them.
@8TBDVVP4yrs4Y
1% is a drop in the bucket to foreigners. And they’ll just find a loophole. Direct our monies to education and healthcare instead of policing foreigners who are in bed with politicians.
@8T22RJY4yrs4Y
Yes, but only in dense population centers and 10%
@8SXVMGM4yrs4Y
Canadian residents should have priority, but other than that, I don't there there should be a tax.
@8SSLCV24yrs4Y
Only for foreigners NOT Canadians
@8S8TM974yrs4Y
Yes, but not if the house is being rented out
@8S5WC534yrs4Y
Non Canadian residents for the purpose of investment should be taxed at least 10% and then taxed again if the property sits empty
It depends. This tax could effect immigrants that need housing after fleeing their country.
@angiepin4yrs4Y
Yes, and the tax should be 20%, but only if the real estate is not being rented by full time tenants
@8RB6PRS4yrs4Y
ban foreigners from buying real estate in Canada
@8R96V9G4yrs4Y
non-residents should not be allowed to own property in Canada.
@8QFQV334yrs4Y
no taxes stay the same for all
@8PY6H544yrs4Y
non residents should not be allowed tp own real estate.
Should be dependent on the net worth of the buyer.
@8PKQHNC4yrs4Y
only if they have a well-paying job and can afford it
@8PH3JJQNew Democratic4yrs4Y
They should not be allowed to purchase a home, without citizenship
@8PGKNZX4yrs4Y
Yes if their income meets a high enough threshold.
@8PB2PGH4yrs4Y
@8P939QD4yrs4Y
No they already tax me enough and keep giving them selves raises
@8P3TN224yrs4Y
No, let's just sit back and watch as foreign investors buy up our entire country and enslave us. It would be an interesting experiment. Oh wait, it's already happening.
@8NXGKW74yrs4Y
Yes, and the % should increase with each subsequent house they buy
@8NWCQ2B4yrs4Y
Should only be allowed to own real estate for residents
@8NM5K9H4yrs4Y
Yes, But only if they don't live in the country
@8L7R5N44yrs4Y
don't have an opinion on this
@8KQX7KB4yrs4Y
If the house is vacated for a long period of time, then a 10% tax should be imposed. This would help negate money laundering through the housing market, and driving up housing prices.
@8KKZQKR4yrs4Y
Yes if the non-residents are using the house as an income property
@8KJB88DNew Democratic4yrs4Y
Make the profit made taxed instead
@8KJ6B9N4yrs4Y
The government should impose a land value tax on all landowners.
@8KGXB7R4yrs4Y
Only those born in Canada, or those who have immigrated and have lived in Canada for 5+ years should be allowed to purchase property.
@8K9QRN44yrs4Y
Non residents should not be allowed to own property in canada
@8K25NPT4yrs4Y
i don't have much information so i would not make a statement here.
@8JRFZTY4yrs4Y
Non-residents should be forbidden from purchasing real estate
@8J4HP424yrs4Y
dont add more god damn taxes
@8HZKRVR4yrs4Y
Tax current foreign owners 15% tax on top of property value including taxes. Along with tax corporations or business who own residential properties 15% on yearly property taxes.
@8HWTRLX4yrs4Y
should be no foreign ownership
@8HTQ8ZDConservative4yrs4Y
, no , Should be the same. But pay more property tax
@8HPXJFQ4yrs4Y
No, unless that property is used for revenue purposes.
@8H8DY744yrs4Y
Yes, infact Canada should be deterring or stopping non-residents frim buying real estate.
@8GZHG874yrs4Y
Yes, if it hasn't already. BC now has .5 - 2% speculation tax depending on resident status.
@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.
@8FTG5KJ5yrs5Y
Yes, but only if home is not their main residence
@8DZCJ69New Democratic5yrs5Y
No, they should ban it completely
@8DPKRBB5yrs5Y
Non residents should not be permitted to own real estate
@8CLJWCC5yrs5Y
Ban all foreign owned residential housing. Limitations on commercial real estate.
@8CG3KB55yrs5Y
yes, and raise it for those who can easily afford it such as the rich, no for those stuggling financially
It should be based on circumstances, and not unilateral.
@9BZVR9Y2yrs2Y
yes but the tax should be much higher and the tax increase dramatically for each of more than one house purchase.
@9BPFSKJ2yrs2Y
Yes, and the tax should be atleast 100%
@9BK2RQ62yrs2Y
Depends on different circumstances. For vacation homes in municipalities/as well as speculators who never move here? Maybe. For diplomats, international students, refugees, NGOs, ambassadors and so forth? No.
@9B46S6C2yrs2Y
Only to help the community.
@9B3N2NQ2yrs2Y
Depending on if they are occupying the home or not. If not than taxing the real estate more than 1%
@99SZPFK2yrs2Y
Only if they are wealthy
@99NQHR32yrs2Y
@98MSVB3Conservative2yrs2Y
Non-resindents shouldn't be allowed to own property here
Depends on what a "foreigner" is classified as. We can't ban house ownership to refugees, permanent residents, immigrants who are waiting for citizenship, ambassadors, consulates and such, because that would have catastrophic consequences for the country, as well as international relations with other countries. If you mean people who speculate, and don't actually live here, but sit on a property just because it's valuable, then yes, because nobody's living in those houses anyway.
However, there should be consultation with places that have a large amount of vacation homes, nd rely on that for tax money, because they need it for their municipal budgets and it could harm their ability to invest in their community very much.
@98B4VMH2yrs2Y
No. Non-residents (unless they are Canadian citizens) should not be able to own residential property in Canada
@96Z72XK2yrs2Y
Bar foreign money from our housing market, including investment corporations who create satellite offices here.
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