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B.C. will implement a new 20% 'flipping tax' on homes: What you need to know (bc.ctvnews.ca)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] SamuelRJankis 7 points 9 months ago (1 children)

I'll would have preferred if they did a reverse scale system based off of use. Everyone get taxed and they can claim the biggest credit if it's primary residence. All proceeds would be used to fun co-op housing.

Primary residence
Rental (offset by income)
Just left empty.

I would also imagine people with only primary residences would actually paying even less than they do now. Just to sell them on the idea.

[–] TSG_Asmodeus 11 points 9 months ago

Pretty much agree with everything you've said here, but I just wanted to say that

All proceeds would be used to fun co-op housing

I am 150% for fun co-ops.