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

Tax advantages driving exodus from Canada's priciest housing markets

2/6/2024 | Posted in Canada Living by Jessi Sandhu

A new report published today reveals that the burden on buyers from provincial governments’ billions of dollars in levies and development fees on new construction, and ... More

Tags: First Time Home Buyers, Home Buyers, Housing Affordability, Land Transfer Tax, Moving, Property Taxes, Tax Implications

Here are the tax changes that will affect your pocketbook in 2024

1/2/2024 | Posted in Canada Living by Jessi Sandhu

Canadians preparing their taxes and finances for 2024 might find a bit of help from an unexpected friend: inflation. ... More

Tags: Canada Living, Consumer Confidence, Tax Implications

Toronto commercial taxes far outstrip residential rates

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

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

Tags: Tax Implications, Taxes, Toronto Commercial Real Estate

Commercial property owners are overburdened with tax

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

Owners of commercial real estate are carrying a disproportionate property tax burden across Canada according to a new report. ... More

Tags: Commercial Real Estate, Commercial Real Estate Investments, Tax Implications, Taxes

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

Ontario urging Ottawa to change tax rules in bid to curb real estate speculation

3/20/2017 | Posted in Real Estate News by Jessi Sandhu

Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country's housing markets by changing how such profits are taxed. ... More

Tags: Canada Real Estate, Home Prices, House Prices, Investments, Real Estate, Real Estate Investments, Real Estate Market, Tax Implications

Tax implications of selling a home

12/2/2016 | Posted in Home Sellers by Jessi Sandhu

For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory changes ... More

Tags: Condo Owners, Home Owners, Home Sellers, Home Selling Tips, Tax Implications