Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners
Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners
The gains are not evenly spread across Canadians, the agency noted, meaning they reflect the financial success of few households.
Also the source data since news articles seem to hate including them: https://www150.statcan.gc.ca/n1/daily-quotidien/240613/dq240613a-eng.htm
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Then it's a good time to raise the capital gains tax inclusion rate! Smart policy.
31 0 ReplyCapital gains tax doesn’t apply to your principal residence.
3 0 ReplyGood! It's the fourth and fifth personal residence that I'm concerned with.
3 0 ReplyThat would be nice but I don’t think it would have as much impact as you think. People who own multiple dwellings are a tiny minority of owners.
1 0 ReplyNot the 2nd?
1 0 Reply