Give Us a Call

647-361-8184

Taxation

What The Federal Election Promises Mean for Toronto Real Estate 

  It’s election season in Canada and as the federal parties vie for votes, landlords and property investors are wondering what’s next for the already volatile Ontario real estate market. Whether the Conservatives take the lead, third parties make inroads, or the Liberals cling to power, change is on the way for property investors, sellers, …

What The Federal Election Promises Mean for Toronto Real Estate  Read More »

Toronto Property Inheritance

Toronto Property Inheritance: Co-Ownership of an Inherited or Co-Purchased Property

Co-ownership of a Toronto property between family or friends can often be a rewarding and potentially profitable arrangement. Joint ownership of inherited properties usually comes after the passing of a loved one, leaving family members to go in together on a property without having to single-handedly shoulder the responsibility and financial burdens that come with …

Toronto Property Inheritance: Co-Ownership of an Inherited or Co-Purchased Property Read More »

calculator

Designing Your Will to Pass on Ontario Property

Leaving a property to your children in Ontario after you pass away is an extremely important part of many people’s wills – your will is drafted to ensure that your estate is distributed in accordance to your wishes. Making sure that inheritors don’t take a tax hit is probably something you’ll want to take into …

Designing Your Will to Pass on Ontario Property Read More »

key on hand

What Qualifies as Flipping Real Estate for the Canada Revenue Agency?

In October 2016 the Canada Revenue Agency (CRA) introduced new changes to its real estate sector reporting requirements. The biggest change was the CRA’s addressing of those who were non-compliant in the real estate sector, focusing on those who don’t correctly report their goods and services, unreported capital gains, unreported income, and most importantly for …

What Qualifies as Flipping Real Estate for the Canada Revenue Agency? Read More »

New Ontario Foreign Buyer’s Tax

The New Ontario Foreign Buyer’s Tax: What You Need to Know

The Ontario government recently introduced the Fair Housing Plan, which includes sweeping legislation for the real estate market – most of which will have an impact on landlords in Ontario. One of the measures was the Non-Resident Speculation Tax (NRST) of 15%, which is meant to curb speculation by foreign investors in southern Ontario.   …

The New Ontario Foreign Buyer’s Tax: What You Need to Know Read More »

Ontario Property

Inheriting or Passing On Different Property Types in Ontario

If you are inheriting or passing down property in Ontario, the regulations and taxation surrounding it will be impacted depending on if it is a rental property, principal residence, vacation property or commercial property.   Primary Residence and Vacation Properties   If a property being passed down is the primary residence of the deceased, it …

Inheriting or Passing On Different Property Types in Ontario Read More »