Federal Government Could Weigh The Reintroduction Of MURB Tax Deduction
Summary by canadianrealestatemagazine.ca
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Federal Government Could Weigh The Reintroduction Of MURB Tax Deduction
The federal government is reportedly exploring the possible reintroduction of the Multi-Unit Residential Building (MURB) tax deduction program as a way to incentivize increased private sector investment in rental housing development. A MURB tax deduction is a policy tool originally implemented in the 1970s to incentivize private investment in rental housing. While no formal announcement has been made, internal discussions within the Canada Mortg…
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