Jessi Sandhu - Your Brampton Real Estate Agent
Taxes News and Articles | My Blog

Luxury home tax could yield $18 million for Toronto in 2021, if approved

2/10/2021 | Posted in Toronto Real Estate by Jessi Sandhu

toronto-skyline-93.jpg - Real Estate News A Toronto budget briefing note reveals that the city could yield an additional $18.7 million in revenue this year—if city council is willing to implement a luxury home tax. ... More


Canadians who owe the tax man are getting another reprieve because of COVID-19

7/29/2020 | Posted in Canada Living by Jessi Sandhu

cra-70.jpg - Real Estate News Canadians who owe the tax man are getting another reprieve because of COVID-19. ... More


2020 TFSA limit announced

12/3/2019 | Posted in Canada Living by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News Contribution room accumulates beginning in the year in which a person turns 18 ... More


Toronto commercial taxes far outstrip residential rates

10/18/2019 | Posted in Commercial Real Estate by Jessi Sandhu

financial-markets-report-272.jpg - Real Estate News Toronto's commercial property tax rate is at “unreasonable” levels, clocking in at almost four times higher than the residential rate, according to a new analysis ... More


Buyers of new GTA homes face $222K in government charges

9/18/2019 | Posted in GTA Real Estate by Jessi Sandhu

middle-age-couple-visiting-house-263.jpg - Real Estate News According to a recent BILD report, these charges make a significant impact on affordability. ... More


Average Canadian household spent more on taxes than living costs in 2018, report finds

8/2/2019 | Posted in Financial Health by Jessi Sandhu

cra-70.jpg - Real Estate News The average Canadian household paid nearly $40,000 in taxes last year, more than the combined cost of clothing, food and shelter, according to a new report. ... More


CRA identifies over $1b in tax evasion since 2015

5/31/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News The Canada Revenue Agency has identified over a $1 billion in unpaid gross taxes in the real estate sector since 2015 and has doled out over $100 million in penalties. ... More


Commercial property owners are overburdened with tax

10/28/2018 | Posted in Commercial Real Estate by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Owners of commercial real estate are carrying a disproportionate property tax burden across Canada according to a new report. ... More


Canadians' tax bills outpaced housing, food in 2017

8/16/2018 | Posted in Financial Health by Jessi Sandhu

calculator--analysis--reporting-128.jpg - Real Estate News Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year. ... More


Taxes - the average Canadian family's largest expense

8/24/2017 | Posted in Financial Health by Jessi Sandhu

couple-laptop-106.jpg - Real Estate News With home prices rising across the country, many would assume that housing costs (including rent and mortgage payments) are the most expensive budget item for the average Canadian ... More


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