We've been working with the Urban Land Institute's Toronto Affordable Housing Leadership Council, and that's one of the reports we're going to submit next month. One of the things identified in there is accelerated depreciation—reducing the early-year tax burden on rental housing by reducing taxable income in current years in exchange for increased taxable income in future years.
I'm not a tax lawyer, so I can only pass on what's going to be in that recommendation. However, in the same way that the HST helped, this accelerated depreciation might help. We need every tool. We need the Swiss Army knife approach to solve the housing crisis.
