Tax Rules for Airbnb & Short-Term Rentals in Canada

Short-term rentals through platforms like Airbnb, VRBO, and Booking.com have become a popular strategy for Canadians to generate additional income. However, these rental activities come with important income tax and GST/HST implications. As of January 1, 2024, new federal legislation has introduced even stricter rules, particularly regarding municipal compliance. This article outlines the key tax … Continue reading Tax Rules for Airbnb & Short-Term Rentals in Canada

Changing how you use property? Here’s how to save on taxes

When a Canadian taxpayer changes the use of a property from personal use (such as a principal residence) to income-producing use (such as a rental), or vice versa, the Income Tax Act may trigger a deemed disposition at the property’s fair market value.

How to Maximize Your Principal Residence Exemption

The principal residence exemption (PRE) is a great valuable tax benefit that’s available to homeowners in Canada. Since 2016, the CRA has required taxpayers to report the sale of a principal residence on their tax return. Failing to designate the property properly can result in a loss of the exemption and possible penalties.

How to Make Real Estate Investments Profitable

Are you a real estate investment group? This article is about why you should incorporate for real estate. I’m going to tell you the top five reasons why you should incorporate for real estate.

Purchasing Foreign Real Estate and FAPI Taxes

The escalating housing market in Canada is compelling investors to explore real estate opportunities beyond their borders, such as in the US, Europe, and Asia. These investors often acquire foreign properties through intermediary entities known as foreign corporations. This preference stems from the liability protection and simplified compliance with local laws and regulations such corporations … Continue reading Purchasing Foreign Real Estate and FAPI Taxes

Navigating Tax Implications of Assignment Sales

Assignment sales have become a common way for individuals to make a profit on their real estate assets. However, these transactions come with tax implications that many people may not be aware of. In this blog, we’ll explore the tax implications of assignment sales in Canada through a practical example.

Comparing Home Buyers Plan and First Home Savings Account

In this video, we will explore the benefits and differences between the Home Buyers Plan and the First Home Savings Account.

Real Estate Taxes With Allan Madan

Ava Benesocky and August Biniaz the principals of CPI Capital noticed the need retail investors have in learning about alternative investments.

Buying a primary residence through a corporation in Canada.

Are you a business owner that would like to purchase a new home with your corporate savings. If yes, read further to learn how.

Tax implications of Canadian investment in Florida rentals.

Thinking of making an investment in the sunshine state? Learn more about investing in a Florida rental property as a Canadian.

How to Prepare a Rental Form

Français Find out how you can prepare a Statement of Real Estate Rental Form T776 as part of your personal tax filing. This is meant for investors that own rental properties in Canada and would like to file their tax returns independently.

Tax on Real Estate Sales in Canada

Français Ever wonder how to deal with tax on real estate sales in Canada? If you own a rental property or a real estate investment in Canada, and have sold or are thinking of selling, read this blog for helpful tax tips that can save you thousands.

Tax implications for Canadians selling US property

As a Canadian, are you aware of the tax consequences of selling your US real estate properties? Most Canadian’s aren’t, even though they are buying US real estate more so than ever before. Read further to understand the tax implications of Canadians selling US properties. 15% Withholding tax As a Canadian or a non-resident of … Continue reading Tax implications for Canadians selling US property

Tax Implications of Canadians Selling U.S. Property

Do you own or are thinking of owning a property in the United States? When the Canadian dollar was on par with the US dollar, many Canadians bought U.S property. But now as the Canadian dollar weakens, some people want to sell and lock in their gains. In this video, I will discuss the cross … Continue reading Tax Implications of Canadians Selling U.S. Property

Tax Implications on Real Estate By Allan Madan

Allan Madan presents, “Tax Implications of Real Estate” at the International Centre in Mississauga, Ontario.

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