REAL PROPERTY ASSOCIATION OF CANADA (REALPAC)
Registration:
34
of
49
(2022-06-02
to
2022-08-16)
Legislative Proposal, Bill or Resolution, Policies or Program
- Advocacy relating to the government's possible proposal to impose an earnings-based interest deductibility limitation on Canadian corporations, including commercial real estate corporations and housing providers.
Policies or Program
- Advocacy for integration of Green Button 'Download my Data' and 'Connect my Data' applications with Natural Resources Canada's Energy Star Portfolio Manager program.
- Advocacy relating to the creation of seniors' housing real estate investment trusts vehicles that would encourage institutional investment in seniors' housing similar to existing real estate investment trust models.
- Advocacy with CMHC and the Ministry of Housing regarding affordable housing programs and policies
- Advocating for policies and programs to support the commercial real estate industry (including rental housing, retail, industrial and office sectors) relating to burdens resulting from the 2020 Covid-19 pandemic.
- Advocating for policy inclusions within annual budgets that improve the national commercial real estate markets. These include infrastructure enhancements, tax fairness, and energy efficiency grants.
- Advocating for policy proposals within Canada's Sustainable Development Strategy which would improve building energy efficiency.
- Working with Natural Resources Canada and Finance Canada to create a robust Sustainable Development Strategy for Commercial Real Estate in Canada
Regulation
- We are working with staff on Interest Deductibility Limits (the “Proposed Interest Rules”) as proposed in the 2021 federal budget and relating to our concern that the Proposed Interest Rules may unfairly impact Canadian real estate investors, relative to both investors in other Canadian industries and investors in foreign jurisdictions (most importantly the United States (“US”))