reports experts Government

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

Reading now: 612
globalnews.ca

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.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News