Commentary Now that holiday gifts and toys are in the past and you’ve probably stepped on your last stray Lego piece, it’s time to start thinking about financial resolutions. If you’re a homeowner, the terrific price appreciation that you’ve seen recently means there’s a good chance that you’re sitting on a nice chunk of home…
Canadians Worked Hard to Build Home Equity and the Feds Should Keep Their Hands Off It
Commentary When I was settling into the workforce in the early 1990s, the unfunded liabilities within pension plans including the CPP were the topic of the day. We were told that we would not necessarily be able to rely on pension plans to fund our retirement and the best things we could do was to…
Possible Home Equity Tax on Primary Residences ‘Very Concerning’ for Average Homeowners: Taxpayers’ Advocate
Indications that the federal government is considering introducing a potential capital gains tax on the sale of primary residences should be of great concern to Canadians, says the B.C. director of a taxpayer’s advocacy group. “We think people really need to pay attention to the potential for either a capital gains tax or a form…
Massachusetts Family Sues to End ‘Home Equity Theft’
A Massachusetts family has filed a lawsuit challenging a state law that allows private investors to “steal” the equity that homeowners hold in their property over relatively small tax debts. The lawsuit, known as Mucciaccio v. Town of Easton and Tallage Lincoln LLC, was filed Jan. 6 in Massachusetts Superior Court. The legal action takes aim at…
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