More so than capital gains, in BC there is a foreign buyers tax as well as a vacancy tax if you have a second property that is not being rented out full time as an income property.
Capital gains will be applied on a non primary residence when that secondary residence is sold, so in a round about way it can be a home tax. I will pay about 25k this year on the sale of my income property.
Cat nap, Naxos (lemmy.world)
Cat nap, Crete (lemmy.world)
Floating otters (lemmy.world)
Sea otters floating around in Morro Bay
Canada wants to make homes affordable without crushing prices (www.bnnbloomberg.ca)
In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.
Fèves aux lardons (lemmy.world)
This one is for Joe! (lemmy.world)
Just lil snack 😒 (lemmy.world)