CBC News: The Conservatives' misleading claims about a 'secret' Liberal housing tax

In late August, Conservative leader Andrew Scheer sent party supporters a "Dear friend" missive on his official House of Commons letterhead, making the claim that the Liberals intend to introduce a capital gains tax on the sale of primary residences. As it stands, Canada is one of a handful of Western nations, along with Denmark, France, Finland, the U.K. and Portugal, that exempts profits made on the sale of a principal residence from capital gains levies. In contrast, the United States partially taxes such gains, offering an exclusion of $250,000 for individuals and $500,000 for married couples who file a joint return, then taxing the remainder at a rate of 20 per cent. Read More....


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988