Rob Shaw: On housing affordability, BC Conservatives and NDP offer two very different solutions
The “Rustad Rebate” versus the Eby 60/40 mortgage split. Voters were presented two hugely different proposals on housing affordability in the first week of the B.C. election, as the parties faced off early on one of the top issues in the campaign.
The BC Conservatives and BC NDP each billed their major housing proposals as the best solution to the sticky issue of out-of-reach housing—though they are remarkably different.
The Rustad Rebate, as the BC Conservatives labelled it, would allow British Columbians to write off up to $3,000 a month in mortgage or rent payments on their income tax filing, potentially resulting in an average tax savings of around $1,600 a year, according to Rustad.
“This is one of the most significant tax reliefs that British Columbia has ever given, and certainly the largest tax relief that's ever been given to people who are either renting homes or who are paying their mortgages,” said Rustad.
“We believe in British Columbia that the government should not be taxing your primary issues, like your residence. Government should not be in the way of making sure that people can be........
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