111
You’re no longer middle-class if you own a cottage or investment property
(www.theglobeandmail.com)
this post was submitted on 29 Apr 2024
111 points (98.3% liked)
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Somehow I got lucky and the paywall disappeared on refresh. My takeaway was that we should make the capital gains on investment real estate (I'm assuming anything other than principal residence) be taxed at a 100% inclusion rate. Part of the reason is that most of the people seeing these gains are at the age where they're starting to require a higher share of government spending while earning less from employment, so it's reasonable for them to pay closer to their share of taxes.