Found 1 blog entry tagged as capital gains.

The 2021 Budget won’t make Canadian real estate more affordable for homebuyers, but consumers have dodged a policy “bullet” after much speculation around changes to the capital gains tax exemption, or other measures aimed at cooling the hot Canadian housing market.

The Federal Government has introduced the following budget items related to housing:

  • $2.5 billion to Canada Mortgage and Housing Corporation over seven years, to fund the Rapid Housing Initiative, Affordable Housing Innovation Fund, Canada Housing Benefit and Federal Community Housing Initiative
  • $1.3 billion, advanced and reallocated to previously announced funding to build and repair units and convert commercial space into rentals
  • $3.8 billion to build, repair and support…

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