What does the Fall Economic Statement mean for rental housing providers?

2020-12-01T10:46:38-05:00

What does the Fall Economic Statement mean for rental housing providers? Finance Minister Freeland delivered the Fall Economic Statement on November 30. The main areas on which the Statement affects rental housing providers are the following: Rental Construction Financing Initiative (RCFI) Energy subsidies A small expansion of the First Time Homebuyers incentive No new taxes on rental investments Rental Construction Financing Initiative (RCFI) The government has announced another $12B of loan support for new rental construction under the Rental Construction Financing Initiative (RCFI) over the next seven years. That is [...]

What does the Fall Economic Statement mean for rental housing providers?2020-12-01T10:46:38-05:00

CFAA Tax Retreat on April 6 in Toronto

2020-07-08T16:26:53-04:00

CFAA will be holding a Tax Retreat in Toronto on Monday, April 6 Register now if you want to hear where the federal government is going, and provide input on what CFAA’s positions should be on the following key current issues: In their recent election platforms, both the Liberal Party and the NDP promised to review the current partial exclusion of capital gains from income for tax purposes.  This is a recurring issue, as many progressives say that all capital gains should be taxed like other income.  This is an important issue for rental housing because much of the [...]

CFAA Tax Retreat on April 6 in Toronto2020-07-08T16:26:53-04:00

Higher taxes? Pressures on rents? What can you and CFAA do today?

2020-07-08T16:24:59-04:00

Because of the new influence of the NDP, there are new and serious risks, and opportunities, for rental housing providers at the federal level. The key new risk is higher taxes on capital gains on the sale of rental property and other investments. In their election platform, the NDP promised to raise the capital gains inclusion rate (CGIR) from 50% to 75%. Such a change would raise corporate taxes on capital gains by 50%. The change would increase the income tax individuals pay on capital gains by 50% or more, depending on the taxpayer’s other income. See the table [...]

Higher taxes? Pressures on rents? What can you and CFAA do today?2020-07-08T16:24:59-04:00
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