Experts say Ottawa’s role in housing sector has grown (Richard Raycraft · CBC News)

  • @[email protected]
    link
    fedilink
    7
    edit-2
    1 year ago

    The feds could remove the tax credits on home ownership for houses over a certain price.

    There would be a strong incentive to build less expensive housing if mortgage interest wasn’t tax deductible and sellers had to pay capital gains on the full sale price profit of the sale.

    Edit: I worded that badly. Sellers should pay capital gains taxes on the profit of the sale, not the sale price. Thanks to u/TemporaryBoyfriend for pointing that out.

    • @[email protected]
      link
      fedilink
      21 year ago

      pay capital gains on the full sale price

      Then it’s just a flat rate tax, not a tax on the ‘gain’ of the ‘capital’.