The Globe and Mail published an op-ed by UBC economics professor Joshua Gottlieb about a proposed tax to make housing more affordable in Vancouver.
“The city would introduce a property tax surcharge, but owners could credit their income taxes against this surcharge. Only those who don’t already pay income taxes in Canada – those who leave properties vacant or don’t declare their income – would end up paying the surcharge,” he wrote.
This week the B.C. legislature is scheduled to address Metro Vancouver’s high real estate prices.
