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submitted 10 months ago by sik0fewl@kbin.social to c/canada@lemmy.ca

In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.

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[-] Dearche@lemmy.ca 8 points 10 months ago

Shit, when was such an exemption passed? That's literally a law that turns housing into a non-productive investment.

Making a necessity to live in the modern world an investment is the way to turn a portion of the population resentful and unproductive.

[-] sbv@sh.itjust.works 2 points 10 months ago

Googling around, all I can find is that Canada didn't have a capital gains tax until 1972. I think that means all investment profit was tax free.

this post was submitted on 12 Aug 2023
122 points (96.9% liked)

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