If this Globe & Mail article is correct, it may be thumbs up Tuesday for real estate investors.
Many are speculating that tomorrow’s federal budget will include provisions that let investors shield capital gains–possibly by using a registered savings plan. (Although some are skeptical)
One of the Conservatives’ goals in 2006 was to exempt capital gains from taxation as long as those gains are reinvested. We’ll see if that promise is finally realized tomorrow.
That picture is hilarious. :)
My thoughts if the government offers something with respect to capital gains, it will be a big yawn. As the Federal Government cuts taxes and the municipal governments raise property taxes and adds user fees the question should be “from which pocket do you want us to take your taxes”?
Haha… Now Brian, how could you possibly be so skeptical? ;) Maybe Flaherty will suprise us!
See Reuters take here
This will never happen. It would mean to actually cut taxes and actually continue to spur on more house purchases by investors. We are way to left of center in this country to allow for it. Just my thoughts on this.
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