BC Conservatives Propose “Rustad Rebate” for Renters & Homeowners π¨
The BC Conservatives, led by John Rustad, have announced a new plan to offer a provincial tax write-off of up to a whopping $3,000/month for rent or mortgage interest payments. π πΈ
π‘ The rebate starts at $1,500/month and increases to $3,000/month over time β potentially allowing residents to reduce their taxable income by up to $36,000/year.
This type of program has been seen in the US πΊπΈ, where mortgage interest deductions and renters’ tax credits are widely available. Could this be a solution for BC’s housing crisis? π¬π
π Check out my last video on the BC NDPβs housing plan, where they propose co-owning 40% of your home.
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