CanadaPolitics

1895 readers

2 users here now

Placeholder for any r/CanadaPolitics refugees

Rules:

All of Lemmy.ca's rules apply

No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
Be respectful. Everyone should feel welcome here.
No porn.
No Ads / Spamming.

founded 1 year ago

MODERATORS

[email protected]

Manitoba to scrap 50% provincial property tax break in 2025, replace it with flat $1,500 credit (www.cbc.ca)

submitted 7 months ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

top 2 comments

sorted by: hot top controversial new old

[–] [email protected] 0 points 7 months ago

I really hope this is the start of nationwide property tax reforms.

Part of the reason we're in a housing crisis is federal tax policy encouraging Canadians to treat property as an investment, rather than a place to live.

If we set a reasonable lifetime maximum on the federal property tax exemption on home sales, that could deflate the market. There are lots of options.

[–] [email protected] 0 points 7 months ago

Sounds like a good change. It'll make sure wealthy property owners are paying their fair share and low income households will be exempt from provincial property tax altogether.