US-Canada Border Residents Angry at Ottawa's Housing Tax
Americans who own vacation homes in Canada are angry over Ottawa's plan to tax real estate that is not occupied year-round. The annual underused-home tax is set at 1% of the assessed value or most-recent sale price. Some Americans are considering selling their Canadian property, while others are pushing the Biden administration to file a trade complaint under the US-Mexico-Canada trade treaty or persuade Canada to carve out an exemption for Americans.