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Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners (www.thestar.com)
submitted 2 months ago by SamuelRJankis@lemmy.world to c/canada@lemmy.ca
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https://archive.ph/JxZih

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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[-] MacroCyclo@lemmy.ca 31 points 2 months ago

Then it's a good time to raise the capital gains tax inclusion rate! Smart policy.

[-] chonglibloodsport@lemmy.world 3 points 2 months ago

Capital gains tax doesn’t apply to your principal residence.

[-] MacroCyclo@lemmy.ca 3 points 2 months ago

Good! It's the fourth and fifth personal residence that I'm concerned with.

[-] chonglibloodsport@lemmy.world 1 points 2 months ago

That 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.

this post was submitted on 14 Jun 2024
132 points (98.5% liked)

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