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.
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.
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
Are you looking to downsize but don’t know if you should rent a property or buy? When the time comes to downsizing from your home to an apartment or condo, it is difficult to decide whether renting or owning a property is the right strategic move for you. There are many financial and emotional factors … Continue reading Should I Rent or Buy a Home in Canada?
Are you a senior or eligible for the disability tax credit? Are you looking to renovate your home to make it more accessible for you and your loved ones? Well, we have just the tax strategy for you!
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.
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!
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!
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.
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.
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