Honestly, Animal Crossing in the game too.
Honestly, Animal Crossing in the game too.
An interesting idea but I feel like there are too many loopholes. What about people who incorporate holding companies for their rentals? What about people who earn their income in their corporations, and can control if they are “low income” in the year they purchase a house? If there’s a lower earning spouse, can they be the ones to list it at whatever price? Canadian cities vary greatly with their real estate markets - will the cutoff price be decided in each city? Will the cutoff only be adjusted for inflation, or will it be adjusted based on market rates?
If there is tax planning to be had, the rich will find it!
I grew up in rural Alberta and now live in one of the big cities. I like it a lot. There are so many different people here from all walks of life. Lots on Ontario and BC transplants too!
It’s getting more expensive, but I’m glad we could still afford a home here. But industry keeps growing here, so we will see how long it lasts.
People complain about the traffic but I think most commutes top out at 1 hour here. Compared to what I’ve heard in Toronto, where many people travel 1–2 hours each way.
Weather is good - very sunny, we have seasons, warm winds break up the cold winters.
I think the politics aren’t unusual - the cities are quite liberal and the countryside is very conservative. Seems to be the same in other provinces imo.
Just like in any place - it’s mostly normal people living their lives.
Corporate taxes - at least in Canada, you can have a year end any day of the year.
And yes, some older tax preparers don’t work in summer/fall.