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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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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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