Toronto Sun: "This week a study funded by the Canada Mortgage and Housing Corporation, a federal Crown agency, put forward a proposal to tax homes worth more than $1 million. More shockingly, the tax proposal wasn’t a standard capital gains scheme — this proposal was to tax your home while you are living in it. They propose an annual surtax on homes of between 0.5% and 1% per year to raise $5.8 billion annually for the government. That money, according to the report, would be used to provide benefits to renters."
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