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  <input type="hidden" name="petitionTitle" value="No Home Equity Tax">
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Text Content

The Canadian Taxpayers Federation has 235,000 supporters nation-wide.





NO HOME EQUITY TAX



To the Prime Minister,

Canadians work hard to build equity in their homes. They use that equity to buy
new homes and provide for retirement. Proceeds from the sale of a primary
residence have always been exempt from federal taxes.

The Canada Mortgage and Housing Corporation is spending $250,000 to study
proposals for a home equity tax. A home equity tax would take big chunks of the
proceeds when families sell their homes. That would leave them with less to buy
a new home or provide for retirement.

A home equity tax is wrong: Canadians shouldn’t be taxed on the equity in their
homes.

We, the undersigned, call on the prime minister to firmly and clearly reject any
proposal for a home equity tax.

Click here for a printable version.

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