Financial Post: Yes, we should tax capital gains on principal residences

My wife says to batten down the hatches, because our friends and neighbours know where we live. So here I go, about to put my family’s safety at risk: As a matter of tax fairness, the federal government should propose limitations to the principal-residence exemption in its upcoming budget. Of the 37 members of the Organisation for Economic Co-operation and Development (OECD) only a handful — Canada being one — fully exempt gains on a personal residence. So how did Canadian homeowners become part of this elite and privileged group?   READ MORE...