Capital gains have been subject to taxation in Canada since 1972. At present, only half of any capital gain is included in income. While this includes property such as real estate, most Canadians are aware that there is a “principal residence exemption”, and believe gains on their home will not be taxable. For the average […]
Expropriating Land: A Balancing Act
Introduction The somewhat foreboding term “expropriation” in Canada describes the right of the government (the Crown or one of its agencies) to legally take real property (land), that is in private hands and apply it for a greater public use or benefit. This concept is called “compulsory purchase” in the United Kingdom, and “taking” or […]
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