I simply do not understand the purpose of this tax. If the poor truly wanted housing why then do they not simply take it by force as they have done in the past, and reduce the rentier class to chattel slaves? All these half measures of tax and market policy smacks of typical laziness of today's youth, in my humble opinion.
Sally Pankratz - 5 years ago
All Canadian citizens who file income tax in Canada should be exempt from this tax.
If you live up country but enjoy a condo in town for “ urban getaways ” you have to pay the tax . That’s not fair or equitable.
If I invest in the stock market and make no money in the year the government doesn’t take .05% of my capital ( well not yet but maybe soon ) but they want to if it is in a secondary dwelling .
You can hold $5 million in a primary residence and be exempt but if you hold far less money in real estate, in two less valuable properties and use both for personal use ( a lifestyle choice ) you pay the tax dependent on where those residents are located . The government seems to have decided where you can have a secondary residence and be exempt. Some secondary residence locations are better than others ....does that sound Animal Farmesque?
Secondary dwellings pay capital gains tax upon disposition, as well as annual property taxes . That’s enough .
Taxes must be fair and equitable; this tax is neither.
Leave Canadian citizens who file their worldwide income in Canada alone .
L. Bartels - 5 years ago
What's the next NDP plan? Solve the homeless problem by taxing Canadian home owners that have a spare bedroom that is not being used unless they rent it to a homeless druggy looking for accommodation?
Maybe generate Provincial Revenue by actually creating jobs instead of taxing Canadians to an early grave.
I simply do not understand the purpose of this tax. If the poor truly wanted housing why then do they not simply take it by force as they have done in the past, and reduce the rentier class to chattel slaves? All these half measures of tax and market policy smacks of typical laziness of today's youth, in my humble opinion.
All Canadian citizens who file income tax in Canada should be exempt from this tax.
If you live up country but enjoy a condo in town for “ urban getaways ” you have to pay the tax . That’s not fair or equitable.
If I invest in the stock market and make no money in the year the government doesn’t take .05% of my capital ( well not yet but maybe soon ) but they want to if it is in a secondary dwelling .
You can hold $5 million in a primary residence and be exempt but if you hold far less money in real estate, in two less valuable properties and use both for personal use ( a lifestyle choice ) you pay the tax dependent on where those residents are located . The government seems to have decided where you can have a secondary residence and be exempt. Some secondary residence locations are better than others ....does that sound Animal Farmesque?
Secondary dwellings pay capital gains tax upon disposition, as well as annual property taxes . That’s enough .
Taxes must be fair and equitable; this tax is neither.
Leave Canadian citizens who file their worldwide income in Canada alone .
What's the next NDP plan? Solve the homeless problem by taxing Canadian home owners that have a spare bedroom that is not being used unless they rent it to a homeless druggy looking for accommodation?
Maybe generate Provincial Revenue by actually creating jobs instead of taxing Canadians to an early grave.