With regards to the weather-related “leaky condo” situation in British Columbia, which has evolved into financial disaster exceeding the Manitoba Flood and the Ontario-Quebec Ice Storm, does the Government have a plan to assist condo owners repair unforeseen damages by way of short-term emergency relief, and if so, does it permit any or all of the following: a ) RRSP funds to be used without tax penalties: b ) interest costs of repair loans to be used as a deductible expense, as it is for landlords: c ) repairs to be GST-exempt: and d ) expansion of the limits of the Residential Rehabilitation Assistance Program?
In the House of Commons on September 21st, 1998. See this statement in context.