I’m so tired of the provincial and federal governments doing this dance. Sure it’s a provincial responsibility, just like healthcare. But we have several provinces who are actively making things worse. If the feds are going to stand around and let it happen, they might as well be complicit in it.
They used to fund public housing. Ban corporate home ownership, and introduce taxes to make owning multiple homes unprofitable. Then fix our tax brackets so I don’t pay basically the same rate as someone making 10x what I do.
The worst part is there are already places that tax homes beyond the primary home, and the data showed it did exactly what you would expect. All levels of government have failed entire generations over this. it’s insane to me.
The feds have made homes an investment with preferential tax treatment. Screw that. If you’re making over 250k on the sale of your house you can pay full capital gains on the rest of your profit.
But we have several provinces who are actively making things worse. If the feds are going to stand around and let it happen
The fed can’t make them better, for the very same reason as when toxic populist trash parties are voted in again they can’t make the rest of us worse. The protection that keeps us from a user-pay hell unfortunately keeps them from actual housing improvements.
I’m so tired of the provincial and federal governments doing this dance. Sure it’s a provincial responsibility, just like healthcare. But we have several provinces who are actively making things worse. If the feds are going to stand around and let it happen, they might as well be complicit in it.
They used to fund public housing. Ban corporate home ownership, and introduce taxes to make owning multiple homes unprofitable. Then fix our tax brackets so I don’t pay basically the same rate as someone making 10x what I do.
The worst part is there are already places that tax homes beyond the primary home, and the data showed it did exactly what you would expect. All levels of government have failed entire generations over this. it’s insane to me.
The feds have made homes an investment with preferential tax treatment. Screw that. If you’re making over 250k on the sale of your house you can pay full capital gains on the rest of your profit.
Even the fucking USA only exempts a capped amount from capital gains.
This is the way.
The fed can’t make them better, for the very same reason as when toxic populist trash parties are voted in again they can’t make the rest of us worse. The protection that keeps us from a user-pay hell unfortunately keeps them from actual housing improvements.