Capreit CEO: Stop ‘Sin-Taxing’ Housing like Cigarettes
Mark Kenney, CEO of CAPREIT, argues in an op-ed published via The Hill Times that housing is unfairly taxed at twice the rate of other sectors, which suppresses private investment in purpose-built rental developments. This “sin tax” structure, akin to cigarette taxation, disproportionately affects multi-unit housing affordability and supply creation nationwide.
[Read Article]