Dear John,
You have been hearing about Home Equity Tax proposals and now we have the documents to prove bureaucrats are still studying the option.
A Home Equity Tax would be a fee you’d be forced to pay when you sell your own home – the home you own and live in! In many places across Canada, a tax like that could cost you thousands of dollars.
The Canadian Taxpayers Federation has obtained emails showing that the Canada Mortgage and Housing Corporation has spent another $200,000 in taxpayers’ money to keep studying ways to hit us with a Home Equity Tax.
The emails were exchanged between CMHC and a group at UBC called Generation Squeeze that’s promoting a big Home Equity Tax. The emails show CMHC gave $200,000 to UBC so it could better understand “the relevance of the (report’s) findings to a broader audience” as well as ways the lab’s results “relate to a national context.”
Translation: Taxpayers already forked out $250,000 for them to write the report pushing a Home Equity Tax and now you’re on the hook for another $200,000 so they can understand their own report.
Politicians will swear on a stack of real estate flyers that they are not thinking about hitting you with a big new tax when you sell your home, but the actions of their bureaucrats behind the scenes certainly say otherwise. And we have the evidence to PROVE it.
Should Prime Minister Justin Trudeau hit you with a big new tax on your own home?
The last time we sounded the alarm on this, politicians sat up and took notice. The risk of a Home Equity tax was raised on the federal election campaign trail and during the national debate – now is your chance to say NO to a Home Equity Tax.
SPEAK UP NOW and SIGN OUR PETITION against a Home Equity Tax: https://www.taxpayer.com/petitions/no-home-equity-tax
Thanks for stepping up and fighting for taxpayers – it’s making a difference!
- Kris, Franco, Shannon and all of the CTF staff.
PS: If you want to know how much YOU could pay if we did have a Home Equity Tax, try out our Home Equity Tax Calculator by clicking HERE.
PPS: Read our exclusive story that broke this news by our Canadian Taxpayers Federation Investigative Journalist HERE.
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