Quote:
Originally Posted by 4444
Here's how to make life more enjoyable for the average Canadian:
3) Increase the filing burden and regulations regarding non-resident ownership of real estate, including the requirement to file taxes on income (i.e. capital gain on property) and if you don't (non-residents don't have to file returns), withhold 25% of proceeds. No one in their right mind wouldn't file.
Number 3) will increase the burden and the transparency of who is buying, and will generate tax revenue.
|
Pretty sure this one is already in effect?