this post was submitted on 02 Aug 2023
56 points (95.2% liked)

Canada

7273 readers
569 users here now

What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

Experts say Ottawa's role in housing sector has grown (Richard Raycraft Β· CBC News)

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

The feds could remove the tax credits on home ownership for houses over a certain price.

There would be a strong incentive to build less expensive housing if mortgage interest wasn't tax deductible and sellers had to pay capital gains on the full ~~sale price~~ profit of the sale.

Edit: I worded that badly. Sellers should pay capital gains taxes on the profit of the sale, not the sale price. Thanks to u/TemporaryBoyfriend for pointing that out.

[–] [email protected] 2 points 1 year ago (1 children)

pay capital gains on the full sale price

Then it's just a flat rate tax, not a tax on the 'gain' of the 'capital'.

[–] [email protected] 1 points 1 year ago

You're right, I phrased that wrong. It should be capital gains on the profit.