New Report Details Tax Reforms Geared to Promote Homeownership


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An Urban Institute report, New Perspectives on Homeownership Tax Incentives, documents three tax reforms that address to promote homeownership through a channel other than the deductibility of mortgage interest.

These reforms include a first-time homebuyer tax credit, a refundable tax credit for property taxes paid, and an annual flat amount tax credit for homeowners. They are all paid for by limiting current housing tax expenses.


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Chris Blackwood is the founder of Helping Neighbourhoods Implement Change, a social enterprise that offers transformational mentoring to help change the lives of at-risk youth within the Canadian society.




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