Quote:
Originally Posted by Winsor_Pilates
I think the target is really investment properties, as you can't sell off a portion of your gain each year to keep it under $250,000.
The 0.13% number they're claiming it will effect is in any given year, because obviously the people with investment properties won't sell every year.
But the % of people who will at some point be hit by the increase, in the year they finally do sell or pass away will be much higher.
Particularly with the amount of equity wealth boomers hold right now and will be transferring generationally to their inheritances, that's the $ Trudeau wants his hands on.
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You really make it personal, eh?