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grte@lemmy.ca

Manitoba to scrap 50% provincial property tax break in 2025, replace it with flat $1,500 credit (www.cbc.ca)

submitted 7 months ago by grte@lemmy.ca to c/canadapolitics@lemmy.ca

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[–] bionicjoey@lemmy.ca 10 points 7 months ago

Sounds like a good change. It'll make sure wealthy property owners are paying their fair share and low income households will be exempt from provincial property tax altogether.

[–] sbv@sh.itjust.works 10 points 7 months ago

I really hope this is the start of nationwide property tax reforms.

Part of the reason we're in a housing crisis is federal tax policy encouraging Canadians to treat property as an investment, rather than a place to live.

If we set a reasonable lifetime maximum on the federal property tax exemption on home sales, that could deflate the market. There are lots of options.