Canada's federal government considering foreign home buyers tax
The federal Liberal government announced that over the next year, it will be taking steps to implement a tax on foreign home buyers and owners in a bid to improve housing affordability for Canadians.
While details were sparse, the Liberal government said that the levy will benefit first-time buyers the most as it will be targeting properties that are being used by non-Canadians to passively store their wealth.
Original Article Source Credits: MortgageBrokerNews.ca , https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 07 Dec 2020