Cap Gain TaxI seriously do not believe that we will have Capital gains tax on primary residences in Canada. There is a huge difference in our Cap gain tax VS that of U.S. One thing that comes to my mind is that the interest paid on the home Mortgage (Primary Residence) is tax deductible in the U.S.A., that is not the case in Canada. In Canada the interest paid on an investment property is tax deductible, but we do pay the Cap Gain Tax when we eventually sell the investment property.
Having said that, I have very little faith in the Liberal Government, They are all completely image driven and lacking in any real substance when it comes to Government Policy. Who knows, how True DUH will get influenced by the differents Lobbyists that they are trying to please...