TL;DW
If it’s your primary residence, zero.
If it’s a revenue generating secondary property, an extra 20k for every 400k of gains.
I love that the “wealth manager” they interviewed is making such a big deal about how it will affect people who would never have need of his services because they’ll never have wealth, let alone enough to need management. Playing up the “imagine being taxed because your mom died!” angle.
This will likely do more for housing affordability then the rather large list recently released of housing items plus the billions the Liberals plan to spend.
Hopefully more people will realize we should fix the things fundamentally wrong with housing instead trying to buy our way out of a broken system.