Ottawa continues to dangle the threat of a home equity tax over Canadians.

The Canada Revenue Agency has been forcing taxpayers to report the sale of their home since 2016, even though that sale isn’t supposed to be taxed. If taxpayers don’t report their home sale to the CRA, they can face big bills and fines.

BINDA: Carney should axe the home sale reporting requirement Back to video

That raises an obvious question.

If the taxman doesn’t want to tax Canadians’ homes, then why is the taxman forcing Canadians to report the sale of their home? Is the CRA just curious? Or is the federal government laying out the groundwork for a home equity tax?

If Prime Minister Mark Carney isn’t thinking about a home equity tax, then he should remove the reporting requirement.

Carney hasn’t been shy about rolling back bad policies from the Trudeau government. He should throw the reporting requirement on home sales into the same pile he tossed the capital gains tax hike, the consumer carbon tax and the ban on the sale of new gas and diesel vehicles by 2035.

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