First of all, the committee has already heard from Maureen Fair, the executive director of West Neighbourhood House, about the need for maybe considering tax forgiveness for private firms that sell their buildings to non-profit and public entities. Also, according to Jill Black, a housing researcher, owners of rental buildings should be allowed to maybe defer taxes on capital gains and CCA recapture if they sell to non-profit...or buy another building within a year.
On February 15th, 2024. See this statement in context.