TL;DW
If it’s your primary residence, zero.
If it’s a revenue generating secondary property, an extra 20k for every 400k of gains.
I love that the “wealth manager” they interviewed is making such a big deal about how it will affect people who would never have need of his services because they’ll never have wealth, let alone enough to need management. Playing up the “imagine being taxed because your mom died!” angle.
- Kichae ( @Kichae@lemmy.ca ) English30•5 months ago
“imagine being taxed because your mom died!”
Imagine being taxed because you sold your mom’s house, months or years after she died.
What next? Eliminating property tax because the property was once owned by someone who has since died?
- Someone ( @Someone@lemmy.ca ) 5•5 months ago
Jokes on him, I’d pay nothing because that’s my only hope (very much for lack of a better word) at owning my own home.
- corsicanguppy ( @corsicanguppy@lemmy.ca ) 4•5 months ago
Imagine
Imagine a new lead-in. The fleek litchally base lul crowd has overused that phrase so much it’s now a misophonia trigger.
you sold your mom’s house, months or years after she died
But it wasn’t her house. Shortly after mom passed on, it’d be Your house. That’s how inheritance works.
- Kichae ( @Kichae@lemmy.ca ) English6•5 months ago
Shortly after mom passed on, it’d be Your house.
Touche.
Imagine you sold your spare house, months or years after your mother died.
- TheAgeOfSuperboredom ( @TheAgeOfSuperboredom@lemmy.ca ) 15•5 months ago
Good!
Sounds like it might even have a small impact on housing supply.
- Papamousse ( @Frederic@beehaw.org ) 10•5 months ago
I saw some middle class people crying because for their retreat they are selling their plex 1 million and will only have 972’000$ because of the new tax and their retreat is fucked up and their world is crumbling…
Won’t somebody please think of the petite bourgeousie.
- psvrh ( @psvrh@lemmy.ca ) 2•5 months ago
This has a “election reform” feeling about it: something the LPC is talking about in order to get progressive cred, but that they don’t really want to do and will either a) abandon if they’re elected or b) not have to do if they lose.
They could have raised capital gains in 2016.
- BedSharkPal ( @BedSharkPal@lemmy.ca ) 1•5 months ago
Reminded me of this video, that I still cannot get over. How fucking tone deaf are these people.