To Slow The Markets: Tax Principal Residences for Capital Gains
1.5 house sells for 2.025 in one year (35%).
Capital tax approx: 91875.
Selling fees: 60k
Still a sweet 375,000 profit and more money goes to Canadia.
600k house sells for 690k (15%)
Capital tax approx: 16k
Selling fees: 40k
Profit: 34k and more money goes to Canadia.