Taxpayers federation concerned about the future of Capital Gains Tax exemption
Right now, if you sell your home in Canada, the profit from that sale is exempt from capital gains tax. But even though it’s exempt…you still must report it to the Canada Revenue Agency. That was mandated by the federal government back in 2016. The Canadian Taxpayers Federation is concerned that exemption might change in the future and wants all party leaders to say publicly whether they’re for it or against it. Kris Sims is Alberta Director for the CTF who shares her concerns