Written Submission for the Consultation on the Taxation of Vacant Lands December 2024 Chamber.ca @CdnChamberofCom Introduction The Canadian Chamber of Commerce welcomes the opportunity to provide a submission as part of the Department of Finance’s consultation on the Taxation of Vacant Lands. [...] In the interest of housing availability and affordability for all Canadians, the Canadian Chamber of Commerce launched the Housing and Development Strategy Council in 2023. [...] With the private sector providing roughly 95 per cent of housing in Canada, this is especially true to address the affordability challenges of the middle-class, whether for rental or for ownership.” The last thing our governments should be exploring is the opportunity to layer on an additional tax that will further limit developers’ ability to access the capital they need to invest in building as. [...] About the Canadian Chamber of Commerce The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing 400 chambers of commerce and boards of trade and more than 200,000 businesses of all sizes, from all sectors of the economy and from every part of the country — working to drive change, partner broadly and be the undisputed champion and catalyst for the fut. [...] Yet another tax would only serve to penalize developers from coast to coast to coast who are working to get the most out of the resources at their disposal and planning how to most effectively contribute to long-term growth in housing supply.
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