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New Federal Cabinet Ministers important to rental housing issues

2020-01-09T09:44:19-05:00

On November 20, Prime Minister Trudeau introduced his new cabinet. This sets out some background on the five Ministers who are of particular relevance for Canada’s rental housing providers. Bill Morneau is returning as the Minister of Finance. He has been the Minister and the M.P. for Toronto Centre since 2015. Over the past term, Minister Morneau has overseen an increase in the income tax rate on the top bracket, changes in the taxation of small businesses, an expansion of the CPP and four deficit budgets. He and the government also considered, but rejected, an increase in the taxes [...]

New Federal Cabinet Ministers important to rental housing issues2020-01-09T09:44:19-05:00

CFAA’s Issues for the Renewed Liberal Government

2019-12-17T15:45:23-05:00

CFAA congratulates Justin Trudeau and the Liberal Party for their re-election as a strong minority government. We look forward to working with the renewed Liberal government on issues which matter to Canada’s residential landlords and renters. Renters are often affected by issues which affect landlords, since cost increases put upward pressure on rents, while cost savings tend to reduce rents. Renters also suffer when rental supply does not keep up with rental demand, as has occurred in many major and other centres across Canada. CFAA will continue to work with the renewed government on the following planks in the [...]

CFAA’s Issues for the Renewed Liberal Government2019-12-17T15:45:23-05:00

Election Update – Platforms, Voting and Next Steps

2019-12-17T15:45:18-05:00

The federal election is to take place on Monday, October 21. The polls show the Liberals and Conservatives tied for the lead, and a minority government seems almost certain. The balance of power will likely rest with some combination of the NDP, the Greens, or the Bloc. The polls will be open for 12 hours on Monday. For more information, visit the Elections Canada website. Read on for a comparison of the party platforms for the key federal areas that tend to affect rental housing providers in Canada the most, namely, taxation and housing policy. For a full list of [...]

Election Update – Platforms, Voting and Next Steps2019-12-17T15:45:18-05:00

Election Update – Taxation, Housing and Environment

2019-12-17T15:45:11-05:00

The Liberals, NDP and the Green Party have released their platforms. The information below is based on those platforms, and on the Conservatives’ platform plank releases and past actions while in power. More promises may be made by the Conservatives when they release their election platform. The Liberals promise to make a small tax reduction with a focus on people who earn less than $47,000 per year, and nothing for those who make more than $147,000. The Conservatives would give a small tax reduction for everyone. The Greens and the NDP both plan to raise taxes on the wealthy. [...]

Election Update – Taxation, Housing and Environment2019-12-17T15:45:11-05:00

CFAA compares party promises for Oct 21 federal election

2020-01-15T15:40:49-05:00

CFAA ELECTION PLATFORM INFORMATION The Liberals, NDP and the Green Party have released their platforms. The report below is based on those platforms and on the Conservatives’ platform plank releases, and past actions while in power. More promises may be made by the Conservatives when they release their election platform. This report will be updated as more promises are released. LIBERALS CONSERVATIVES NDP GREENS Increase the “Basic Personal Amount” from $12,000 to $15,000, thus reducing taxes for most taxpayers, with an emphasis on lower income taxpayers. The increase is to be phased out for taxpayers earning $147,000 and [...]

CFAA compares party promises for Oct 21 federal election2020-01-15T15:40:49-05:00

What CFAA wants in election 2019

2020-01-15T15:40:34-05:00

CFAA ELECTION GOALS CFAA would like to see the following actions taken by the Government of Canada. This list can be compared with the election promises being made by Canada’s political parties. Permit building retrofits which adopt new energy saving technology to be claimed as current repairs (rather than as capital expenditures subject to the capital cost allowance provisions). Take advantage of the move up effect by removing the GST/HST from all new rental construction. Hold the line on income taxes, capital gains taxes, and corporate taxes, and preferably rollback the recent increase in the tax rate on the [...]

What CFAA wants in election 20192020-01-15T15:40:34-05:00