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I think it's to prevent the unoccupied house bank account. You could make an exemption for your official registered home address. That way if you own more tha
by mahyarm 10y ago
I think it's to prevent the unoccupied house bank account. You could make an exemption for your official registered home address.
That way if you own more than one house, the unoccupancy tax creates an incentive to put the locked up supply on the rental market, but would sidestep the complexity you just stated.
- icebraining 10y agoYou could make an exemption for your official registered home address. How does that work against foreign investors? How can you prevent them from having an official registered home address in both countries?
- mahyarm 10y agoThat is a residency problem that immigration and canadian income tax has systems to deal with that. And if they somehow get around all of those controls, it would only apply to one house, so it would limit the financial scope of it.