Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
I’ll would have preferred if they did a reverse scale system based off of use. Everyone get taxed and they can claim the biggest credit if it’s primary residence. All proceeds would be used to fun co-op housing.
Primary residence
Rental (offset by income)
Just left empty.
I would also imagine people with only primary residences would actually paying even less than they do now. Just to sell them on the idea.
I’ll would have preferred if they did a reverse scale system based off of use. Everyone get taxed and they can claim the biggest credit if it’s primary residence. All proceeds would be used to fun co-op housing.
I would also imagine people with only primary residences would actually paying even less than they do now. Just to sell them on the idea.
Pretty much agree with everything you’ve said here, but I just wanted to say that
I am 150% for fun co-ops.