Finance committee  Thank you for the question. The decision to proceed in this way was made by the government, which determined that it was the best way to proceed in the current context. At the same time, the government has announced its intention to proceed by regulation to define which rental h

Finance committee  Yes, it would, because of that uncertainty. That typically would be factored in up front as part of these upfront decisions by investors. If there's more uncertainty and the likelihood of getting the benefit may be in doubt because of the complexity or uncertainty, that could red

Finance committee  Yes. Potentially, yes.

Finance committee  Thank you for your question. I'm going to start by replying at maybe a higher level. The proposal on the GST exemption put forward by the government is relatively simple. It's simply an exemption, a temporary one, and it's broad-based. There's no phase-out. There are no specif

Finance committee  I don't believe we necessarily have numbers now. Probably it may take a bit of time to have that understanding of what institutions are offering. I can take that with me and see if there's a way to get some information on this aspect.

Finance committee  In the specific case of the GST rebate, we would need to determine whether we would be able to retroactively assess. Again, it suggests that you know retroactively what has been a determinant, and the increment. I think it goes back to my first response, which is that it is an aw

Finance committee  It has been in effect since, I believe, April 1, and we've seen a reasonably good take-up so far. I believe about 14 institutions right now are offering it. Most of the big six also offer it. I believe two of them are in the process and are about to. It may not be available right

Finance committee  I have to admit it's difficult for me to commit at this point on this request. What I would say is that this would be an extremely complex exercise that may take a while to arrive at assumptions that make sense. Given the complexity of the issue, there are so many factors at play

Finance committee  I think at this point I would not have anything to add to the answer already provided.

Finance committee  With respect to assignment sales, there are two measures in place that are affecting the tax treatment. First, with respect to GST application, the government has clarified that the GST will apply in all assignment sales. That's one thing. With respect to the income tax treatm

Finance committee  Thank you for your question. With respect to short-term rental income, I'm not aware of a change in the tax treatment. Perhaps you could add a bit of clarity to your question. I'm sorry, but I'm not sure I can identify what you're suggesting.

Finance committee  Thank you for your question. I'm Miodrag Jovanovic, tax policy. That's an important question. It's an important measure. It is, I would say, mainly targeted at reducing the cost of construction of rental buildings and rental housing. It does so by providing an exemption of the G

Finance committee  That is the idea, and it is in consideration of the recent increase in financing costs through the last year or 18 months, which have been pretty steep. It would be a way to try to offset that and encourage these investments to happen faster.

Finance committee  This is Miodrag Jovanovic, in tax policy at the Department of Finance. I don't want to necessarily repeat my previous answer—

Finance committee  Again, when we look at a tax system.... The way you can use the tax system is to try to see how you can change the relative prices of things and make things a bit more attractive or less attractive, depending on the objectives you want to pursue. Another important consideration