Canadian Tax Exemption on Principal Residence under Pressure

Capital gains tax and ‘sacred cows’ could offset hot housing: RBC

RBC by BNN Bloomberg
March 24, 2021

RBC Economics is wading into the debate over Canada’s red-hot residential real estate markets, urging policymakers to put all options on the table when it comes to getting runaway prices under control.

In a research report Wednesday, RBC Senior Economist Robert Hogue said even measures previously considered “sacred cows” should be scrutinized as home prices become further divorced from average incomes and economic fundamentals.

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