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Thursday, November 21, 2024
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Federal government ‘ghosted’ civil society on REIT tax treatment decision: housing advocates

The REIT structure is a ‘democratization of real estate investment,’ not a tax loophole, says CAPREIT’s Larry Greer.

Real estate investment trusts own and operate approximately 120,000 rental housing units, representing roughly three per cent of Canada's overall housing market. Rather than paying corporate taxes, a REIT's profits are distributed to individual shareholders who are taxed individually. Photograph courtesy of Pexels
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