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Canada's new home equity tax: We are SCREWED
Equity Tax Report -https://d3n8a8pro7vhmx.cloudfront.net/gensqueeze/pages/6403/attachments/original/1639772589/GenSqueeze_Nov26.dat?1639772589
WealthFlow Newsletter - Weekly market data & Economic Updates https://zfrmz.com/4hiodTOpjIgqNIy7fvmM
This podcast breaks down the proposed “home equity surtax” on Canadian primary residences over $1 million and explains that, despite scary headlines, it is not current government policy. Alex walks through real examples showing most homeowners would pay nothing, while higher-value homes could face annual surtaxes that are meaningful but still far…
The skinny
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