this post was submitted on 02 Aug 2023
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It should be taxed at all three levels...
Is this property your primary residence? No? Pay more municipal tax.
Is this an income property? Pay more tax to the province to be earmarked for low income housing.
Did you earn a profit on your income property this year? Tax that income at the highest income tax rate.
Is the property owned by a provincially incorporated company? Profits are taxed at the highest corporate rate.
Is the corporation owned by someone who cannot be proven to be a citizen of Canada? Pay federal tax.
I'm just some idiot on the internet, and I can solve this problem by taxing the shit out of behaviour that hurts citizens. Why can't people in positions of authority do this? Because it's counter to their interests. Go look at CPC's PP -- where did his double-digit millions of net worth come from?