Quote:
Originally Posted by d-ray657
The problem with his assertion is that the two tax measures were a couple of years apart. The current tax bill is unquestionably a tax increase - the governor is simply a liar.
We middle class folks are taking a hit too. It looks like the mortgage deduction is going to bite the dust.
Regards,
D-Ray
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We did not have a mortgage interest deduction in Canada. By the same token there was no capital gains tax on the sale of your main residence and only 50% of the gains on a vacation home.