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Tax On Your Rent? Home Equity Taxes | When A Government Is In Record Debt, They Get Desperate
Canada studied taxing money homeowners never received. A study prepared for CMHC examined taxing residential rent—and the estimated rental benefit of living in your own home.
Imagine paying off your mortgage, then being assessed on what your house would rent for. No tenant. No rent cheque. Just a calculated benefit and a potential tax bill.
With federal deficits persisting and Ottawa projecting annual debt-interest costs of roughly $81 billion by 2030–31, which revenue ideas could become politically attractive?
In this episode of Tap the Maple, Bakes examines the documented research…
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