Quote:
Originally Posted by Keith P.
That latter sentiment seems to be supported by many Nova Scotians of late, thanks to our Premier, Finance Minister and others in the provincial govt who want to drive away non-resident property owners with punitive taxation measures that have no rational connection to the problems they are claiming it will solve. There has always been a strong undercurrent of xenophobia among some in this province and this seemed to appeal to those groups.
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IMHO
Fewer non-residents will mean less demand for services in Halifax including the revamped SGR district.
•The non-resident tax is the worst negative PR possible
•Will hurt rural property values…less tax base for municipalities
•No new construction for vacation homes and people planning to retire in their current vacation home will now look elsewhere
•Reduced requirement for building supplies / services
•Many affected properties are non-winterized and cannot be occupied more than a couple of months in our harsh climate so they should be exempt
•A vacant 2.5million vacation home will not make housing more available for locals
•Most locals looking for housing would need to be close to employment
•Exempt from tax if rented to Nova Scotians has a very bad ring….locals won’t be renting at the price required to pay taxes, utilities, maintenance etc.
•Non-residents have very little to no financial demand on health care or Gov. funded programs
I’m sure there are more negative ramifications to this poorly design tax and time will tell.
Non-residents should get a tax break to encourage more non-resident construction.