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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@9FY3GSM1yr1Y
Non-residents who have lived here a certain amount of time should be able to purchase a home without penalty as long as they choose to live in the home and not rent it out.
@8ZSJL5B3yrs3Y
Yes, and the tax should be at least 95%
@8TF629D4yrs4Y
Yes, and the tax should be at least 80%.
@8Z7DWC93yrs3Y
Yes, and the tax should be at lest 80%
@8RJ5L744yrs4Y
Yes, the tax should be 70%
@8Q5CJW34yrs4Y
Yes, and the tax should be at least 65%
@8PXK8WV4yrs4Y
Yes and the tax should be 60%
@8P5LGN64yrs4Y
Yes, and the tax should be at least 60%
@8T3R69V4yrs4Y
The government should heavily tax those who own real estate in Canada but do not reside in Canada.
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