A better way to tax vacant Vancouver homes
JOSHUA GOTTLIEB
Instead, my colleagues and I have designed a sensible approach to address the affordability problem.
Here’s how it works: The city would introduce a property tax surcharge, but owners could credit their income taxes against this surcharge. Only those who don’t already pay income taxes in Canada – those who leave properties vacant or don’t declare their income – would end up paying the surcharge.
http://www.theglobeandmail.com/opin...3/?reqid=f1c8a78a-8bd1-4d11-a54d-b3a52bafafe9
A better way to tax vacant Vancouver homes
JOSHUA GOTTLIEB
Instead, my colleagues and I have designed a sensible approach to address the affordability problem.
Here’s how it works: The city would introduce a property tax surcharge, but owners could credit their income taxes against this surcharge. Only those who don’t already pay income taxes in Canada – those who leave properties vacant or don’t declare their income – would end up paying the surcharge.
http://www.theglobeandmail.com/opin...3/?reqid=f1c8a78a-8bd1-4d11-a54d-b3a52bafafe9