Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%

4/16/2024 | Posted in Government and Regulation by Jessi Sandhu

Housing was a key priority in today’s federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks. ... More

Tags: Canada Living, Government Intervention, Government of Canada, Real Estate Capital Gain Tax, Tax Implications

How to avoid a capital gains tax on your cottage

8/2/2019 | Posted in Recreational Properties by Jessi Sandhu

There are few things more Canadian than a weekend at the cottage, but given the leisure property’s appreciation potential, shielding it from capital gains taxes is ... More

Tags: Real Estate Capital Gain Tax, Recreational Real Estate, Vacation Properties

Homes sold in 2016 now need to be reported on taxes

4/7/2017 | Posted in Home Sellers by Jessi Sandhu

Canadians who have sold their homes last year have been mandated to report the transaction to the Canada Revenue Agency. ... More

Tags: Canada, Canadian Housing Market, CRA, Home Sellers, Home Selling Tips, Real Estate Capital Gain Tax, Tax Implications

Bill Morneau says government not planning to raise rate on capital gains

3/24/2017 | Posted in Real Estate Investments by Jessi Sandhu

Finance Minister Bill Morneau said in an interview with The Globe and Mail that he wants to move quickly this year with tax changes focused on high-income Canadians, but ... More

Tags: Canada, Foreign Investors, Investments, Real Estate Capital Gain Tax, Real Estate Investments