Real Estate Tax Archives

How to Save Money on a Primary Residence Changed into a Rental Property Watch Video

When you start renting out your primary residence, it’s important to be aware of the various tax

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!

How to Deduct Interest on Money Borrowed for Investment Properties Watch Video

If you are a real estate investor and are thinking of borrowing money to make your next purchase,

Claiming Basement Renovation Costs Watch Video

Are you planning on renovating your basement for rental purposes?

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!

How to Defer Capital Gains Tax on Real Estate Sales Watch Video

If you have a capital gain on the sale of real estate but have not received the entire payment,

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.

Claiming the Principal Residence Exemption Watch Video

Have you sold your principal residence in the year?

Reporting for Foreign Property Owned Outside of Canada Watch Video

Are you confused about reporting foreign property owned outside of Canada?

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 Your Cottage to a Family Member Watch Video

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

Tax implications of selling or gifting a family cottage