Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners
Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners
The gains are not evenly spread across Canadians, the agency noted, meaning they reflect the financial success of few households.
![Canada’s rich getting richer, StatCan report finds, with 90% of Canadian wealth now in the hands of homeowners](https://lemmy.ca/pictrs/image/492f9be7-f612-4666-a07f-1ee9a2695c99.jpeg?format=webp&thumbnail=256)
Also the source data since news articles seem to hate including them: https://www150.statcan.gc.ca/n1/daily-quotidien/240613/dq240613a-eng.htm
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Then it's a good time to raise the capital gains tax inclusion rate! Smart policy.
30 0 ReplyCapital gains tax doesn’t apply to your principal residence.
3 0 ReplyGood! It's the fourth and fifth personal residence that I'm concerned with.
3 0 ReplyThat would be nice but I don’t think it would have as much impact as you think. People who own multiple dwellings are a tiny minority of owners.
1 0 ReplyNot the 2nd?
1 0 Reply