Hi John,
Your home equity is none of the government’s business and you can tell Ottawa to back off when the time comes to sell your home.
Back in 2016, the Trudeau government made it mandatory to report the sale of your home to the Canada Revenue Agency.
Why does the CRA want to know about home sales at tax time? Do you think they’re just curious?
Actions speak louder than words.
A home equity tax would tax the proceeds from the sale of your primary residence. Right now, those sales are exempt from federal taxes. Removing that exemption would make buying and selling homes more expensive.
Prime Minister Justin Trudeau says he has no plans to hammer you with a home equity tax, so why is he making you report the sale of your home to the CRA?
You can sign the petition calling on Trudeau to scrap the reporting requirement when you sell your home by clicking this link: https://www.taxpayer.com/petitions/take-home-sales-off-tax-forms
Carson Binda
British Columbia Director
PS. It only takes a few moments to sign the petition to tell Trudeau to axe the reporting requirement when you sell your home. Here’s the link: https://www.taxpayer.com/petitions/take-home-sales-off-tax-forms