That's a great question.
If the CRA isn't going to tax it, then why do they want to know how much you sell your home for? Are they just curious? I've never known the CRA to just be curious.
What's so frustrating is that the Liberal Party in the last election—Mr. Trudeau, during the leaders' debate—said that they wouldn't bring in a home equity tax. Then why are taxpayers paying hundreds of thousands of dollars through a Crown corporation funding research into this home equity tax? Not just that, we dug up documents that show that staff in the Prime Minister's Office met twice with the group that has been pushing the home equity tax.
Not just that, we've also seen the Crown corporation, the Canada Mortgage and Housing Corporation, whose number one objective, according to its own website, is housing affordability for all.... In 2020 and 2021, Canadians couldn't afford to buy homes. Why would that Crown corporation then turn around and hand out nearly $60 million in pay raises and bonuses?