Very simply, the idea is to raise some revenues from non-resident non-Canadians who may be holding real estate in Canada where that real estate is underused. It's a tax, pure and simple.
On February 14th, 2022. See this statement in context.
On February 14th, 2022. See this statement in context.
February 14th, 2022 / 10:20 a.m.
Director General, Sales Tax Division, Tax Policy Branch, Department of Finance
Very simply, the idea is to raise some revenues from non-resident non-Canadians who may be holding real estate in Canada where that real estate is underused. It's a tax, pure and simple.
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