They Haven't double taxed us on property transfers... yet.


Westmount... Fougetaboutit

hope and pray that they dont, we had a marxist mayor back in 2007 that introduced that tax and funny thing is he resigned one year after it was implemented in 2008, he knew that people here were unhappy with that decision and he was going to lose big time in the coming election.

I see some of the Americans complain about their taxes, I say come on up here and see what high taxes are.

One of my buddies has a rental property a condo in a building over looking Lake Ontario, its a 975 sq ft one bedroom, one bathroom and a solarium and he is getting 2000 dollars a month for it.

I cant imagine what the rent is like in Westmount or griffintown area of Montreal.

But most of us tax payers don't have free healthcare. Just 1 trip to the er is about $10,000.

i disagree!
cuz,even if you dont sell it for more than you paid for it,you can still come out ahead if you recoup at least PART of the money that you would have spent on rent during the period that you lived there,which is money that you would have basically just been throwing away.
so,technically,you could sell it for less than you paid for it,and STILL come out ahead.
not to mention that there are several things that you could do to improve the home while you are living in it that dont cost very much money,so it could possibly be quite easy to raise the value of the home for an investment of very little money,and make a substantial profit on it.
[especially if you did your homework,and made a good buy in the first place,instead of just jumping on the first thing that you saw.]

but,money that you spent on rent is just a loss.


so,it all depends on if you are content to just live in the moment,or to invest in your future!

Right, my income tax would make you hurl, My payroll tax would make you snap, My capital gains tax would make Americans buckle, Not even going near the Fuel taxes, those are just cruel.



10K for a ER visit eh? Try waiting 36 hrs in ER on a long weekend because there's only one dr on shift.

Anyways, I'm not trying to compare, taxes suck donkey balls, just sayin

its not free here, we pay for it through our taxes Easttowest.

while it may not cost us out of pocket money to go to the E.R. our working class, middle class, upper class and 1% pays enough taxes that its a rip off.

I will give you an example of liberal government policy and our high taxes.

We pay into the Canada Pension Plan, if you live in Canada, Quebec doesnt they have their own.johnn111 can give you the details as he lives in Quebec.

Our CPP is like your Social security.

Im divorced with no kids, If I die the Government pays out 2500 dollars towards your funeral expenses but keeps whatever Ive contributed, my beneficiaries dont receive one dime.

This has been going on for years thanks to Justin Trudeau's idiot phucking communist loving prick of a father Pierre Elliott Trudeau when he was prime minister.

the government keeps all that money so course the trade off is hospital visits are covered under the government insurance, and if one doesn't have a provincial health card they ARE BILLED, so If an illegal or an American or Foreigner uses our E.R they are billed, we are not, but we pay a steep price in our taxes

We are taxed to death up here, I believe you are rental property owner, think about when you sold your first rental property how much taxes you've paid on capital gains which I assume if you've had the property over 5 years, your capital gains is 25%

If you were up here your capital gains tax is 50%,I dont know what its like in Quebec as Johnn111 could better answer that.

We get taxed for every thing here, somethings are great here and somethings are not.

I rather pay your taxes , get my own insurance ( which I have) vs having government insurance being at the mercy of the medical system waiting 3 months to do an MRI on my shoulder vs driving to Buffalo and getting it done the next day is a better medical system in my books

Although I do get it if one is indigent in Canada its definitely helps and if you live in the city because if you live in a smaller communities Doctors are like Gold and in great demand and good luck finding one and if you do many of them are NOT taking on new patients.

I've only sold 1 property in my life. Here we live in them i think it was 2 out of 5 years. I think it's 4 out of 5 now to avoid capital gains.

We pay CPP as well,

Capital gains, the plan has the inclusion rate, now 50% of the capital gain, increasing to 75% for Quebec tax purposes. This would bring the highest marginal tax rate on capital gains in Quebec up to 35.4% from 24.1%.Oct 6, 2012

Quebec gas buyers are the most heavily taxed in North America. According to CAA, they pay 10 cents in federal excise tax, 19 cents in Quebec fuel tax, and 3 cents in Montreal tax for public transportation. Plus, five per cent GST and nearly 10 percent PST.Jan 19, 2015



I could go on but you'd spew chunks

Oh I know , I feel for you folks in Quebec its an absolute rip off , I remember driving from Ottawa to Gatineau and the difference in gas prices blew my mind.

I would assume many quebecers living in Gatineau/Hull probably fills up in Ottawa and drives back.






you are paying capital gains no matter what, its just the length of time you have the property determines your capital gain, Including your principal residence.

That is one thing I like about up here in Canada, our principal residence is exempt from capital gain tax.

We get a break on a few things including if we own American property mind you have to sign some type of agreement giving us tax credits etc.

I know you folks down there can write off your interest up to One million dollars, we cannot write off our interest here except if we have a line of credit on our homes and we use the line of credit for business/investment or education purposes.

That's what I'm saying. We make it out principal residence. Where I live now, has been in my family for 3 generations. We just quit claim it to the next generation.

American quit claim deed differs from our quit claim deed in Canada.

no matter what we do we cannot get around the capital gains, we can defer it but cant escape it.

Same here.. easy.

I know people paying monthly mortgages of $3,500 for a regular suburban home. I know people renting 2 bedroom garden apartments for $1,800. Hell it cost $25.00 per day just to commute to work, unless you want to try to swim the Hudson river.

So, the numbers put up by one poster do not reflect the real situation because it is based on one person living in what appears to be a low cost of living area of the U.S.

I live in a rural area. Less than 30,000 people in the county. Median income is only $42,000. My son works outside the county like a lot of the residents.
Atlanta is an hour away and cost of living there is much higher. But wages are a lot higher also.

wages are higher here too, no doubt. but it takes time before you are established enough to where you are making the kind of money it takes just to get by. On top of everything is expensive here... everything.

My sons stayed home a few years longer then maybe kids in other regions because they couldn't financially make it out there. and they both have skilled jobs. Other kids had to do the same as mine.
Eventually they made it but it took time to get up the Pay scale.

Its tough out there for young people here.. very tough.

I live here because the minorities in ATL are crazy. It just showed a man on the news who stabbed his sister to death for taking too long in the bathroom.

I would assume they are minorities where you live too ETW? yes

The problem isn't minorities its the ones (minority and not minorities) on the lower end of the economic scale that is the problem

You can go anywhere in America and find neighbourhood of upper class and the 1% and its racially diverse and you will notice opulence among other things such as a lower crime rate and a safer neighbourhood, compared to areas where abject poverty exist, of course its going to breed violent crime


Crime also affects better neighbourhood but you generally dont have to worry about someone car jacking you or breaking into your home.

It's 91% whites here. If you are poor, you are still expected to behave.

what is the other 9%

id rather not have the headache, I like to get up and go easily when I want to get up and go ...

Here. In Las Vegas, NV. apparently....