this post was submitted on 31 Aug 2023
150 points (96.9% liked)
Canada
7193 readers
473 users here now
What's going on Canada?
Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
π Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
π» Universities
π΅ Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
π£οΈ Politics
- Canada Politics
- General:
- By Province:
π Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
combined with idea of progressive property taxes: https://www.reuters.com/markets/deals/canadas-competition-bureau-ordered-pay-nearly-10-mln-rogers-shaw-2023-08-30/
tax high value properties and use money to help less privileged
I think you dropped the wrong link.
That one's is Rogers whinging about having to pay lawyers to break competition regulations.
The problem with taxing High Value Property is what happens when Single Family Homes hit that value? If the value of my house skyrockets while I am living there then I can end up losing it do to a massive hike in my taxes.
I'd assume that as single-family homes rise in value other properties would too, so maybe the limit would just need to be adjusted fairly often? IDK I'm not a tax person.
OR, maybe it could just apply to additional properties? Like you get one free so a family home is safe, but every additional property you own gets a tax slapped on it or something like that?
I bring this up because California implemented Prop13 in 1978 to address similar issues and it had mixed results.
I agree with the idea of taxing secondary properties at a higher rate. But that could also have the unintended consequence of driving up rents and landlords look to recoup that money.