THINK OUTSIDE THE BOX:  Rumours of a capital gains tax on your primary residence would certainly dampen home values in Canada.  Lower values of homes would reduce the actual tax implications in and of itself but any capital gain tax implemented would surely be grandfathered in.  That would further mitigate the actual tax implications for current homeowners but would definitely make future homeowners think twice about investing in a home.  Less demand for homes would certainly mean lower home values and appreciation in future.  Would any Government dare implement such a costly tax on the majority of voters? Click here to read article