12/3/2019 | Posted in Canada Living by Jessi Sandhu
Contribution room accumulates beginning in the year in which a person turns 18 ...
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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 ...
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Buyers of new GTA homes face $222K in government charges
9/18/2019 | Posted in GTA Real Estate by Jessi Sandhu
According to a recent BILD report, these charges make a significant impact on affordability. ...
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Average Canadian household spent more on taxes than living costs in 2018, report finds
8/2/2019 | Posted in Financial Health by Jessi Sandhu
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. ...
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CRA identifies over $1b in tax evasion since 2015
5/31/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
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. ...
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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. ...
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Canadians' tax bills outpaced housing, food in 2017
8/16/2018 | Posted in Financial Health by Jessi Sandhu
Despite rising mortgage costs, rents, and grocery bills, these were not the biggest drain on the average Canadian household income last year. ...
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Taxes - the average Canadian family's largest expense
8/24/2017 | Posted in Financial Health by Jessi Sandhu
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 ...
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