Trudeau has to go?

[max_boost]

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Sooo..... 3.87 million new homes by 2031.

I mean, if they were 12 by 20 footers made of cardboard it might be doable.

Build more apartments
Communist living
We are in this together

[killramos]

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There are already tax rules around this, they're much more punitive. It's something like a 53.5% tax rate on dispensed investments.

And fucking gains in trusts fucks any attempt to get your affaires in order efficiently.

[ZenOps]

Its hard to know the knock on effects of raising the capital gains on housing (and especially renting) in this environment.

Will there be a slow panic of rental property sales before June? Probably. Will this raise rents even further in the short term? Maybe.

I think the lady has it right.

[ZenOps]

If you have a joint bank account with an older parent it might be time to just have the kid take the entire amount and oddly enough, put the parent in as the beneficiary. If they are going to require filing of bare trusts next year over $50,000 I'd say the government is just lining up the ducks for anyone on said joint accounts for future tax grabs to tax generational wealth.

[CompletelyNumb]

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Unfortunately the current capital gains regime does not delineate between a Doctor, lawyer or real estate agent who has a professional corporation as a tax deference strategy and uses retained earnings to buy SPY, from a business owner who is using retained earnings to acquire another business or invest and in other private businesses etc. I think if you incentivized the latter your supporting those most capable of improving productivity in Canada. While those who fall into the former category, should pay an elevated tax rate on capital gains generated through their stock portfolio or other institutional investment returns, as they are simply working the system to avoid paying taxes on what should really be personally recognized investment income. But the reality is this is impossible to effectively sort.

Tax integration made your point pretty moot, there was no working the system. After June 25 it sure would make more sense for those businesses to pay themselves out and invest in an RRSP instead of their corp. But we shouldn't be taxing either on the first $250k.

I do agree we need more incentives for real growth, and not just the pitiful SR&ED and CanExport programs we have now.