‘We’re stepping up for Canadians. They’re stepping up for the rich,’ Trudeau says of Conservatives

  • Cyborganism@lemmy.ca
    28·
    17 days ago

    Not really. What happens if they want to move somewhere else and want to purchase a new property to move in? Half of that money was already going in capital gains taxes. What you’re left with is just enough for a 20% down payment on a 500k$ home, which is a pretty normal amount to pay for a small two bedroom condo in a big city.

    Unless I’m mistaken.

    • joshhsoj1902@lemmy.ca
      20·
      17 days ago

      This change has no impact of the sale of a primary residence.

      If they are selling a secondary residence and that sale is resulting in over 250k in profit than they are impacted, as they should be.

      • bionicjoey@lemmy.ca
        8·
        17 days ago

        Yeah anyone who even can afford a secondary residence absolutely deserves any and all tax hikes coming their way.

        • joshhsoj1902@lemmy.ca
          3·
          16 days ago

          Which is totally fair. There is so much misinformation flying around about this tax. The rich are flexing every muscle they have to try to make the general population dislike this change.

          • Adderbox76@lemmy.caEnglish
            2·
            16 days ago

            The rich are flexing every muscle they have to try to make the general population dislike this change.

            And in some parts of the country (like where I live unfortunately) it’s working. Simply because the cult of “hating Trudeau” is just as strong and stupid as the cult of trump to our south. Here in the land of “fuck trudeau” stickers and truck nuts, They’ll quite literally hate something that is clearly good for them just because Pierre Poppinfresh tells them that JT is for it.

      • m0darn@lemmy.ca
        1·
        14 days ago

        Also, if it’s a family investment like a husband and wife or something then they each get a 250,000 exclusion.