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Decentralized Democracy

House Hansard - 334

44th Parl. 1st Sess.
June 18, 2024 10:00AM
Context: House Hansard - 334 - Jun/18/24
Mrs. Julie Vignola (Beauport—Limoilou, BQ)
  • Jun/18/24 6:27:23 p.m.
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Madam Speaker, Quebec has a model that can also be found elsewhere in Canada, but it really is unique to Quebec. For example, a mechanic, a teacher or anyone, really, can invest in a duplex, triplex or fourplex that they will then often live in. The purpose of this investment is to cover their retirement costs. For 30 or 40 years, the person pays for the building, the investment, pays the taxes, does repairs and then, when the time comes to retire, sells it. The intention is to fund their retirement. Obviously, someone like that is not the same as an investor who flips real estate every year or someone who hides their money somewhere. Does my colleague agree that these small investors, who would see their life's work reduced to almost nothing, should be better protected by the capital gains measures?
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