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´╗┐Liberals propose tax credit for renters

Most Yukoners who pay rent would be eligible for a $600 tax credit under a Liberal government, Liberal election candidates Christie Richardson and Dan Curtis announced this morning.

Under the proposal, all renters eligible for the federal northern living allowance would be eligible for the credit, they explained during a press conference at the Liberals' campaign headquarters.

The two Riverdale candidates Curtis for Riverdale South and Richardson for Riverdale North said the initiative would cost the territory approximately $2.5 million annually.

The announcement comes 10 days after the Liberals promised Billig Generisk Cialis to double the annual grant for homeowners at an annual cost of $3.2 million if they're successful in the upcoming territorial election.

Both initiatives, said the candidates, are meant to help ease the bite from what they described as a territorial housing crisis borne out of inaction by the governing Yukon Party over the last nine years.

"We aim to have the tax credit in place for the 2011 tax year," Richardson said.

Providing the credit is directed at the issue of affordability, one of two principles the party plans to address in its housing strategy, along with access to housing, she added.

Announcements regarding more initiatives under the Liberal housing strategy will be forthcoming, Richardson and Curtis emphasized.

The candidate for Riverdale South explained the annual cost of $2.5 million is based on having approximately 4,000 rental suites in the Yukon, according to the 2006 statistics generated by the last national census.

Curtis said if renters are eligible for the federal tax credit for living in the North, they would be eligible for the territorial tax credit for rent.

Both Richardson and Curtis said the Yukon can afford it. The current government, Richardson said, speaks of a financial surplus. Even if Ottawa tightens up its transfer payments to the Yukon, as some fear, Richardson is certain the tax credit makes financial "Buy Cheap Jintropin Online" sense.

"The Yukon rental tax credit is an affordable tax credit," the Riverdale North candidate said.

Curtis suggested the credit could even reduce the Yukon's dependency on the federal transfer payment by encouraging a larger number of transients working in the Yukon to put down roots in the territory for themselves and their families.

Instead Cialis 10 Mg Goedkoop of leaving the territory to travel home on days off during their regular shift rotations, increased affordability may convince some to settle in the Yukon, he said.

A higher population, he and Richardson agreed, means more spending, leading to a stronger local economy and less dependency on Ottawa.

The candidates explained the tax credit will ease the burden of increasing rents, just as doubling grants for homeowners would take the sting out of the steadily rising taxes property owners have experienced in recent years.

Liberal Leader Arthur Mitchell announced Aug. 12 his party would double the maximum grant for homeowners from $450 to $900, and from $500 to $1,000 for seniors, if it's elected this fall. The election must be called by mid October.

Redneck yt on Aug 30, 2011 at 10:36 am

Seriously folks, why should homes in Whse be any cheaper than anywhere else in Canada. Whse is a true northern city without any restrictions, we get building material, big box stores and everything else a big city has. I don't see why we need a northern living allowance either, not like we have to ship everything up by train and boat! This attitude that everyone should have a place to live is nonsense and building to fullfil a short term need is ridiculous. Of course seniors are moving here to retire, housing is relatively cheap and medicare is free and they haven't contributed to the transfer payments and guaranteed they aren't bringing their bank account with them. I suggest seniors should live here for a minimum of 5 years before they qualify for housing and medical. That should free up some housing and if Yukon housing could become even half assed efficient we would have lots of affordable housing if they put a ceiling on rent instead of charging 25% of income before deductions to everyone but government employees and social services. In return, Vancouver gets a a legal guarantee that the building will remain a rental building for its entire life. The result in the case being examined was a 22 story building with 600 sq ft one bedroom units going for $1380 per month. This cost/size/package is what was deemed neccessary for the project Buy Cialis Switzerland to be 'economically feasible'.

One renter who would like a break on Aug 25, 2011 at 10:34 am

Wow, I've never seen so many people complain about the possibility of getting a tax break. The fact is, the cost of buying/renting a house right now is inflated because there is hardly anywhere to live. This sounds like a short term solution that will help deal with the inflated prices for now. How much is that in a billion dollar budget? Seriously. Last I checked, the Premier said that the government is in great financial shape. With such a great outlook, I can't see why there would need to be any tax hikes or cuts at all to support this initiative. If the territory's got the money, I say, share the wealth with the people who live here.

vote for sale on Aug 24, 2011 at 3:02 am

I too agree these subsidies should be concentrated on the basis of need as well as those most affected. Perhaps waiving property taxes altogether for first time home buyers. Federal Northern Residents tax credit rates have not kept pace with inflation and have only been recently increased after many years of dormancy. And why "Anabolika Definition" isn't the Northern Residents Travel within a Prescribed Area tax credit made available to all employees? Is access to this credit still dependent upon an employer's whim?

Krysta Meekins on Aug 22, 2011 at 7:42 am

Finally, one of the territorial parties is offering Sustanon 250 4 Ml A Week something concrete and real to help alleviate the housing crisis in the Yukon. This Masteron Every 3 Days initiative, along with the grant increase announced early this month for homeowners, is a great step in the right direction. I believe our Masteron Side Effects For Women' economy is really suffering due to the housing situation, when employees can't find a place to live, and small investments like this from the government will spawn much greater economic benefits for everyone.