TSX:CAR.UN - Post by User
Post by
AlwaysLong683on Dec 07, 2022 9:10am
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Post# 35155799
No Change to Tax Rules on Residential REITs....?
No Change to Tax Rules on Residential REITs....? Excerpt from BNN Bloomberg article dated April 7, 2022: "....some changes could be in store for Bay Street’s real estate investment trusts.
The feds are planning a review of housing as an asset class to determine how major rental apartment corporations impact the market – building on a promise in the Liberal Party’s fall election campaign.
The budget indicates the review will take into account how “large corporate players” are taxed, though it said more details on the review would be released later this year."
Haven't heard anything more about this. Has anyone else?
Perhaps the Feds are going to let this die a silent death and not change anything re. the taxation of Residential REITs. If they don't make a formal announcement deep-sixing this idea, it may take a while for the market to realize the Feds have lost interest in doing anything in this area....?