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‘Political suicide’: Capital gains tax on home sales a risky proposal, experts say

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taxing capital gains on the sale of principal residences.Politically, it’s not an easy proposal to sell. The proposal is so unpopular with voters that when a senior bank economist suggested in a research paper earlier this year that the principal residence exemption from capital gains tax be reviewed, he later clarified that the idea was being floated as a “theoretical exercise.” Election debate fact-check: Does Trudeau want a tax on primary residences?

The Canadian government first introduced capital gains taxes in 1972, but exempted primary homes from taxation in a bid to encourage home ownership.

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