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Ottawa Backs Off Plans To Change REIT Tax Structure

Federal Government Acknowledges Publicly Traded Companies Boost Housing Supply
Parliament Hill in Ottawa. The federal government is backing off on plans to change the tax status of REITs. (Getty Images)
Parliament Hill in Ottawa. The federal government is backing off on plans to change the tax status of REITs. (Getty Images)
CoStar News
May 9, 2024 | 10:57 P.M.

The federal government has pulled the plug on potential plans to create a new tax treatment for real estate investment trusts, a threat some analysts suggested was acting as a drag on stock market values.

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