The real danger to primary residence owners is, if the government taxes the owner on the sale of the property as Capital Gains, the owner is not allowed to adjust the original purchase price for inflationary increases. We had a rental property (yes, I know it's different, but keep reading!) that we purchased 12 years ealier for $355,000.00, and sold for $585,000.00. We were taxed on the "profit" of $230,000.00, except for the fact that adjusted for inflation the original cost was equal to the sale price. There was no "profit". That is called gov't theft!
This is not the first time the federal liberal government through the CMHC has paid $250,000 to study the taxation of primary residences. The first time was in 2020
the real danger to primary residence owners is, if the government taxes the owner on the sale of the property as Capital Gains, the owner is not allowed to adjust the original purchase price for inflationary increases. We had a rental property (yes, I know it's different, but keep reading!) that we purhcased 12 years ealier for $355,000.00, and sold for $585,000.00. We were taxed on the "profit" of $230,000.00, except for the fact that adjusted for inflation the original cost was equal to the sale price. There was no "profit". That is called gov't theft!
@AdmiralQuality@ericvideos91@X I have been reporting these ads for months. I called them fraud, impersonation, copyright infringement, sexual content. Nothing happened.
When will the police and military be ordered to put a stop to this destruction? Will it be when the Louvre museum is attacked? Will it be when the Eiffel Tower is destroyed? Will it be when the rebuilt Notre-Dame Cathedral is burned to the ground (again)? Or will it be the Arc de Triomphe or the Basilica of the Sacre-Coer?
What is the line in the sand?
🔴😳 La mairie de Limoges est en train de s’effondrer.
Quelle tristesse infinie.
J’espère que ce 17 octobre marquera un tournant et sera le début de la révolte face aux crapules d’extrême-gauche et aux criminels qui saccagent notre pays.
#17Octobre
@moneytalkstweet Just curious, what's the next step? The military age "school boys" have looted and burnt and protested and fought. They're destroying business and property. What is next in am Islamice takeover. Raid the government and replace it?
@Leonajardinho This idea is a corporate scam. Especially the businesses that collect for a charity. they raise $200,000.00 for a charity, and the claim the exemption on their tax return. You don't get that!
Bill C-254 would criminalize "condoning, denying, downplaying or justifying the Indian residential school system in Canada" with a two-year prison term: