Stephen S Poloz

Apr 16, 2024 | lexology.com | Stephen S Poloz

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, tabled the Liberal government’s eighth budget on April 16, 2024. Budget 2024 includes a proposal to increase the capital gains inclusion rate for corporations and certain individuals, new reporting obligations for cryptoassets, further details about various clean energy initiatives, and amendments to the CRA’s audit powers.

Nov 6, 2023 | theglobeandmail.com | Stephen S Poloz

Stephen Poloz is special adviser at Osler, Hoskin and Harcourt, and author of The Next Age of Uncertainty. He is a former Bank of Canada governor and sits on the boards of Enbridge Inc. and CGI Inc. Canadians are less prepared for retirement than they think. They don’t know how long they will live, what cumulative income they will earn, or what investment returns might be.

Oct 19, 2023 | mondaq.com | Stephen S Poloz

The laws of supply and demand have not been revoked: if home prices and rents are rising faster than the price of everything else, then demand for housing is outstripping supply, led by population growth. To spur construction, the government has eliminated the GST on newly built rentals. Will this do the job? Adding 5% directly to the bottom line for developers should be very meaningful; so this is certain to boost construction of rental homes, but only if other impediments do not get in the way.

Oct 18, 2023 | lexology.com | Stephen S Poloz

The laws of supply and demand have not been revoked: if home prices and rents are rising faster than the price of everything else, then demand for housing is outstripping supply, led by population growth. To spur construction, the government has eliminated the GST on newly built rentals. Will this do the job? Adding 5% directly to the bottom line for developers should be very meaningful; so this is certain to boost construction of rental homes, but only if other impediments do not get in the way.

Oct 18, 2023 | lexology.com | Stephen S Poloz

Les lois de l’offre et de la demande n’ont pas été révoquées : si les prix des logements et des loyers augmentent plus rapidement que les prix de tous les autres biens, c’est que la demande de logements dépasse l’offre, sous l’effet de la croissance démographique. Pour stimuler la construction, le gouvernement a supprimé la TPS sur les immeubles d’habitation locatifs nouvellement construits. Cela suffira-t-il?