Real Estate Tax Archives

Making your home mortgage tax-deductible in Canada explained

Want to know how to make your mortgage interest tax deductible? Find out out how to write-off your mortgage interest expenses for tax saving purposes!

Saving on primary residence converted to rental property

When you start renting out your primary residence, it’s important to be aware of the various tax and interest implications. You can still deduct your mortgage and home equity line of credit interest. Continue reading to find out how.

GST/HST on Real Estate Development

Due to continuous demographic, technological, environmental, and social changes, Canada is undergoing constant urbanization. This process of urbanization helps Canada’s real estate market, which is currently attracting many real estate investors and developers. This article discusses the GST/HST rules that are applicable to a “builder” of real estate. Builders For GST/HST purposes, even though a … Continue reading

Interest on borrowed money for investment property

If you are a real estate investor and are thinking of borrowing money to make your next purchase, continue reading this blog. Learn how you can save taxes by claiming tax-deductible interest!

Claiming Basement Renovation Costs

Are you planning on renovating your basement for rental purposes? If so, then start your drills and put on your hard hat because this week’s tax tip is all about claiming basement renovation costs!

Deferring capital gains tax on real estate sales explained

If you have a capital gain on the sale of real estate but have not received the entire payment, you can actually defer paying tax on that capital gain by using the capital gains reserve mechanism.

Claiming the Principal Residence Exemption

Have you sold your principal residence in the year? If yes, this article is for you. This article will look at the most commonly asked questions about the principal residence exemption.

Tax Tips for Canadians Investing in American Real Estate

One of the most significant road blocks for Canadian real estate investors looking to invest in Canada or the United States is the significant tax implications that may arise. That is why it is crucial that you utilize the best type of partnership structure for your situation. In this presentation, Allan Madan explains the tax … Continue reading

Reporting for Foreign Property Owned Outside of Canada

Are you confused about reporting foreign property owned outside of Canada? Reading this blog will give you all the information you need when filing taxes!

Tax tips for real estate investors in Canada and U.S

Real Estate investors in Canada and the United States should be aware of the tax implications of investing in real estate. In this presentation, Allan Madan explains the most tax effective structure to hold and own real estate properties in both Canada and the United States. He also explains how to minimize estate tax for … Continue reading

Tax implications of selling or gifting a family cottage

Before being overly generous, consider the tax implications of selling or gifting your cottage to family.

Tax Tips for Real Estate Agents

Professionals across all industries and sectors can utilize a number of different strategies to minimize their overall tax obligations. In this presentation, Allan Madan provides the most effective tips for real estate agents to reduce their expenses and minimize their overall tax obligations. The topics in this presentation include: Deducting vehicle related expenses Keeping a … Continue reading

Using RRSP to invest in real estate: key benefits outlined

Are you wondering what are the benefits of using your RRSP to invest in real estate? Read this blog and watch the video to find out how you can take advantage of this tax saving tip.

Benefits of a three-tier structure for real estate investors

Are you wondering what are the benefits of the three tier structure for real estate investors? Read this article to find out more

Home selling tips for GTA residents

Propertyhound is a GTA based real estate company ensuring clients a unique way of finding and securing properties unique to individuals needs. Whether a first time buyer, or new in the city or an investor, PropertyHound.ca provides one stop real estate services by together the resources one needs.

Category: Real Estate Tax