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BC Conservatives announce rent rebate (www.cbc.ca)

submitted 1 month ago by uzi@lemmy.ca to c/britishcolumbia@lemmy.ca

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Rustad announced they will start with a $1500/month tax rebate for rent and mortgage, increasing each year by $500/mnth to eventually max out to $3000 per month month tax rebate on rent and mortgage.

What kind of a tax refund is NDP promising on rent and mortgage so people with jobs keep more of their own money?

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[–] BlameThePeacock@lemmy.ca 11 points 1 month ago* (last edited 1 month ago)

You think you get to keep that money? Lol

A) Landlords will raise rents because they can, house prices will rise because banks will factor the newly available money into the amount you can afford to buy with.

B) The taxes the government gives up need to be collected elsewhere, or services will need to be slashed dramatically.