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Mortgage Broker News | 25 May 2015, 06:26 AM Agree 0
Bob Rennie, the ‘condo king’ of Vancouver says that there should be a new tax on those who speculate on the property market.
  • LanceH | 25 May 2015, 08:00 AM Agree 0
    Assuming it's bought to live in, this would require a HUGE departure from the Federal position that one's principal residence is tax free. And what if someone's personal circumstance changes, as has happened so often. And exactly how do you investigate every single person that sells before closing, or soon after? You gonna check their emails to family and stuff hunting for some statement about "cashing in"?? And once you have this excuse for taxing ppl on their principal residence, you think it won't slowly get extended a bit further and then a bit further til we're all paying it? Of course it would!! It's a stupid idea, but one no doubt Trudon't and Mulcair will fall for. So I think we should get them on video championing the idea, just so's Harper can come along and say "NOT!!! Better to charge the foreigners" (and look the hero). Seriously, do you think Cdn's want themselves charged or the foreigners charged an extra tax?? lol
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