Actually, in Canada, because the sale of principal residences is exempt from capital gains taxes, this measure would not be relevant to principal residences. It would be for a vacation property; it would be for any commercial property.
September 15th, 2009 / 10:20 a.m.
Senior Advisor, BMO Capital Markets
Actually, in Canada, because the sale of principal residences is exempt from capital gains taxes, this measure would not be relevant to principal residences. It would be for a vacation property; it would be for any commercial property.
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