Tag: Real Estate Tax

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. 

PropertyHound- Unique House Hunting

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.

Real Estate Tips for the Greater Toronto Area

Today Madan Chartered Accountant presents Mark Weisleder. Mark is an influential real estate lawyer, author, newspaper columnist, and educational speaker on real estate within the Greater Toronto Area. In this video, Mark provides advice on real estate tips for first-time home buyers and investors looking to capitalize on Canada’s strong real estate market.

Top 5 mistakes Canadians make in U.S real estate investment

Are you a Canadian real estate investor, looking to buy property in the US? As the US housing market at an all-time low, many Canadians are getting caught up in the hype of buying. This has given many a sense of urgency, causing them purchase without the adequate planning required. Eventually, the lack of satisfactory … Continue reading Top 5 mistakes Canadians make in U.S real estate investment

How to Lower and Defer Your Property Taxes Watch Video

If you feel that you are overpaying on your property tax, then there are a few options that you can take.

How to Lower and Defer Your Property Taxes

If you feel that you are overpaying on your property tax, then there are a few options that you can take.  Do you want to learn how to lower and defer property taxes? You can appeal the assessed value of your home and thereby lower your tax liability. Additionally, you can also take advantage of the … Continue reading How to Lower and Defer Your Property Taxes

Money Saving Strategies for First Time Home Buyers and Owners Watch Video

Do you want to know how to save money for first-time home buyers?

Money-saving strategies for first-time home buyers

Do you want to know how to save money for first-time home buyers? First time home buyers and home owners can utilize a number of different strategies and options to save money on their home. This consists of the first time home buyer’s tax credit, the first time home buyer’s plan, the healthy home renovation … Continue reading Money-saving strategies for first-time home buyers

Real Estate Investments Mississauga

Eric Skicki grew up in Mississauga and has been passionate about the real estate industry since he was a child. He furthered his passion and consolidated his love for this city by practicing real estate investment in Mississauga. His Degree from York University and his management experience from running successful businesses, has helped him become … Continue reading Real Estate Investments Mississauga

Canadians buying U.S. real estate through partnerships

So you’re a Canadian investor buying real estate in the US, and are confused about whether to buy with a partnership, US C-corporation, or limited liability corporation. While there are many ways that a US property can be purchased by a Canadian investor, the best legal & tax structure is the “US Partnership”. A diagram … Continue reading Canadians buying U.S. real estate through partnerships

Taxes on Flipping Canadian Real Estate – Capital Gains vs. Business Income

These days, it seems as though buying a property and then reselling it at a higher price is all the rage. On the surface, it seems like a terrific idea – buy a property, perhaps spend a little time and money fixing it up, and then sell it for a tidy profit. In today’s still-fragile … Continue reading Taxes on Flipping Canadian Real Estate – Capital Gains vs. Business Income

I rent out a residential property. What are some tax implications, with regards to sales tax?

Rental income is a GST/HST exempt supply. This means that you cannot charge GST/HST on rent. Furthermore, you may incur expenses in the course of renting out your property on which you may have paid GST/HST, such as management fee, supplies, etc. Normally, you can claim this GST/HST paid on expenses as Input Tax Credits … Continue reading I rent out a residential property. What are some tax implications, with regards to sales tax?

Taxes On Your House

You don’t pay taxes on your house when you sell it, unless you do certain things to it like rent it out, or if you own multiple homes. This article will describe the rules around the taxes on your house, and the key definitions and criteria. It will also describe how taxes may arise, in … Continue reading Taxes On Your House

Real Estate Trends to Rule 2014

Millennials are not driving the market as much as homeowners Although the Millennial generation has formed a hot topic in the media, the movers and shakers of real estate are keen to find out where the generation is heading to. The generation has indulged in various economic activities, in the real estate market, in certain … Continue reading Real Estate Trends to Rule 2014

I just bought a new house with the closing today, but my current house will be sold soon. How can I maximize deductions?

The CRA provides taxpayers with tax relief in this situation by way of the principal residence exemption. When you own two homes in a year the year or subsequent year, you can elect to have both of those homes treated as your principal residence in those years. This is because the principal residence contains ” … Continue reading I just bought a new house with the closing today, but my current house will be sold soon. How can I maximize deductions?

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