The main changes in Canadian legislation for 2023
The new year will bring a number of changes in laws, regulations and programs at the federal and provincial levels.
Federal changes
1. Two-year ban for foreign homebuyers.
In 2023-2024 foreign citizens will not be able to buy a house in Canada. The government understands the importance of reducing property values. Reduced demand leads to a fall in prices. That's why many Canadians supported the bill.
2. Increase in emission tax rates.
Starting in April 2023, the federal government is launching a program to increase the price of carbon dioxide emissions into the atmosphere. Previously the price was $50 CAD, in the spring it will become $65 CAD per ton. Accordingly, this will entail additional costs for car owners.
3. Clean fuel rule.
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