this post was submitted on 14 Jun 2024
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Also the source data since news articles seem to hate including them: https://www150.statcan.gc.ca/n1/daily-quotidien/240613/dq240613a-eng.htm

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[–] MacroCyclo@lemmy.ca 31 points 5 months ago (1 children)

Then it's a good time to raise the capital gains tax inclusion rate! Smart policy.

[–] chonglibloodsport@lemmy.world 3 points 5 months ago (1 children)

Capital gains tax doesn’t apply to your principal residence.

[–] MacroCyclo@lemmy.ca 3 points 5 months ago (2 children)

Good! It's the fourth and fifth personal residence that I'm concerned with.

[–] chonglibloodsport@lemmy.world 1 points 5 months ago

That would be nice but I don’t think it would have as much impact as you think. People who own multiple dwellings are a tiny minority of owners.