“I want to reassure Canadians that the Canada Revenue Agency does not intend to collect any portion of any non-resident landlords’ unpaid taxes from individual tenants,” read a statement released by Minister Marie-Claude Bibeau on X, formerly known as Twitter, Friday afternoon.
“It is incorrect to state otherwise.”
Bibeau said in her statement that she would work with Finance Minister Chrystia Freeland “to provide absolute clarity on the law and to ensure that tenants have the certainty they need and deserve.”
Maintenance costs naturally increase over time, especially as property depreciates and especially when we’re talking about North American buildings which tend to be built for initial cost rather than long term resilience.
You guys get maintenance in your rentals?
Require transparency in the form of publication of the maintenance bills, then, so that everyone can agree on whether it’s a fair deal or not.
I don’t think it would be unreasonable for the rent to increase the normal legal amount every year (2-5%) as it would with most landlords.