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If you waited a year to file your taxes in Canada before buying you'd avoid the tax. If you read the article above about taxing based on where you file, the ec
by kareemm 10y ago
If you waited a year to file your taxes in Canada before buying you'd avoid the tax.
If you read the article above about taxing based on where you file, the economists who proposed the tax propose it as an annual tax. So if you bought before you filed in Canada, you'd only pay in the first year. Subsequent years you'd file in Canada and be exempt from the tax.
- Grishnakh 10y agoAnother thing they could do is make it refundable: if you actually move in and start filing taxes there, then you get the first one (where you were taxed because the previous tax filing was out-of-province) refunded to you the next year.
- kstenerud 10y agoOnce again: Why should immigrants be penalized?