1989 - 2018 29 years in business Monday, 10th December 2018

Report Calls For Canadian Housing Tax Breaks


Dear Clients,
 

The Federation of Canadian Municipalities (FCM) has recommended the introduction

Of tax incentives that remove barriers to new affordable and market-rental housing.

 

In a new report,” Built to Last” Strenghening the foundations of housing in Canada

The FCM calls for the creation of a rental Incentive tax Credit. This measure would

“Credit property owners for selling affordable assets to eligible non-profit providers

(Including a municipality), thereby preserving assets and promoting long-term affordability.

 

The FCM envisage that the credit would target small investors that currently face large tax

Liabilities when they sell properties.

 

In his introduction to the report, FCM President Brad Woodside Warns: with 850’000 lower

Rent units lost in the last decade, our rental sector is still prepared for any downturn in the

Housing market, One in five renters pays more than 50 percent of their income on housing.

As result of the federal Government’s accelerating exit from the social housing sector, one

Third of Canada’s social housing stock is at risk.

 

Should you require any further clarification, please do not hesitate de contact us at :

info@cardwell-capital.com

 

 

Kind Regards

Cardwell Advisory Desk
 

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