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Finance committee  The first half I outlined in my first five minutes. There were precedents set back in the mid-1970s regarding the federal government's role in inciting rent control from the provinces, so you could look to mechanisms that have been used previously to help get a rent control regim

March 28th, 2022Committee meeting

Sarah Lunney

Finance committee  I don't know if I entirely understand the question. Do you mean the private market should be building affordable housing?

March 28th, 2022Committee meeting

Sarah Lunney

Finance committee  Yes, it's definitely a sector that requires active government investment. It's currently just not working.

March 28th, 2022Committee meeting

Sarah Lunney

Finance committee  At ACORN, we have been advocating for the income tax loophole to be closed for real estate investment trusts, so that they're taxed appropriately. That's what I mentioned today within my first five minutes of discussion, and that's what we're still hoping for. We're hoping to s

March 28th, 2022Committee meeting

Sarah Lunney

Finance committee  Yes, sure. Unlike other income trusts in Canada, REITs enjoy preferential tax treatment provided by the Income Tax Act that exempts them from paying any tax at the corporate level or at the entity level. Recognizing a loss in tax money due to the way that income trusts were taxe

March 28th, 2022Committee meeting

Sarah Lunney

Finance committee  Thank you and good afternoon. My name is Sarah Lunney. I am a member of ACORN's New Brunswick chapter. Thank you for inviting us to be at this committee hearing. ACORN is a national, membership-based community organization of low- to moderate-income individuals fighting for soc

March 28th, 2022Committee meeting

Sarah Lunney