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Housing affordability

Housing  affordability is front and centre in the current federal election  campaign, so much so that even policies that haven’t yet been announced —  and may never have been destined for a platform — are courting  controversy.

This week, the Conservatives accused the Liberals  of harbouring a plan to impose capital gains tax on the proceeds from  the sale of a principal residence, a charge the Liberals have flat out  refuted. Currently, income generated from the sale of a principal  residence is exempted fully from capital gains, and removing such an  exemption would be no small matter.

With the issue in the  spotlight again, we thought it was a good time to look back at the  interesting history of the capital gains tax in Canada, and its  particularly significant ramifications for the real estate market.

To read full article click here: https://bit.ly/2kx6HxY

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