Deduction Archives - Real Estate Tax Tips

What the 2025 Federal Budget Means for Real Estate Investors and Small Business Owners

If you read the budget headlines, you probably saw big promises and small print. The big shift is accounting, not tax relief. Ottawa now labels major projects as capital investment, which makes the annual deficit look better while borrowing continues....

November 6, 2025

When Selling for the Right Price Still Gets You Taxed Like a Flipper

Updates

When Selling for the Right Price Still Gets You Taxed Like a Flipper

In a recent court case 4490380 Canada Inc. v. The King (2024 TCC), the taxpayer—an experienced real estate investor—won an important victory against the Canada Revenue Agency (CRA). The question at the heart of the case? When you sell a...

October 31, 2025

How Real Estate Income Is Taxed in a Corporation

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How Real Estate Income Is Taxed in a Corporation

This one rule could save you thousands, but only if you know it. Many people overlook how the system works – corporate rental income can face a 50 percent tax if you’re not careful If you’ve ever considered buying rental...

October 24, 2025

The Myth of Inheritance Tax in Canada: What Actually Happens When You Die

Updates

The Myth of Inheritance Tax in Canada: What Actually Happens When You Die

If you’ve ever thought estate planning was just about saving taxes, you might be surprised to learn that the real challenge is finding the money to pay those taxes when the time comes. Let me tell you a story from...

October 17, 2025

Everything You Need to Know About Property Sales in Canada

Updates

Everything You Need to Know About Property Sales in Canada

If you’ve ever sold a property and thought, “I didn’t make much cash, so I won’t owe much tax,” you might be in for a surprise. Why This Matters Whether you’re flipping, downsizing, or selling a rental, the CRA doesn’t...

October 1, 2025

How to Finally Understand Your Business Numbers Without an Accounting Degree

Updates

How to Finally Understand Your Business Numbers Without an Accounting Degree

Financial Statements Are More Than Just CRA Paperwork For most small business owners, accounting is something you do once a year for CRA. You scramble to gather receipts, your accountant files the taxes, and months later, you finally see your...

September 18, 2025

What Every Real Estate Investor Needs to Know About Divorce and Property

Updates

What Every Real Estate Investor Needs to Know About Divorce and Property

Most people don’t realize that divorce doesn’t just divide a family—it can also divide your wealth in ways that leave you with far less than you expected. I recently spoke with Angela Princewell, a family lawyer, about how separation and...

September 11, 2025

Who Reports Profit In A Real Estate Joint Venture

Updates

Who Reports Profit In A Real Estate Joint Venture

I hear this every week from real estate investors – “I formed a joint venture with a friend. I put in money. He takes care of everything. I haven’t received any cash yet, so I haven’t reported anything.” Or this. ...

September 4, 2025

Updates

The New Build Tax Trap Most Owners Miss

Have you ever finished a brand new build and posted a rental ad the same day you got occupancy? It feels harmless. In a recent Tax Court of Canada case from Ottawa, that simple step helped sink the owner’s GST...

August 22, 2025

Updates

How to Deduct Clothing Expense the Right Way

Who this is for: Small business owners, including corporations. Employees who plan to claim employment expenses. I just read this Financial Post article about a recent Tax Court decision on clothing write-offs for an employee at a luxury retailer: https://financialpost.com/personal-finance/taxes/cra-holt-renfrew-saleswoman-battle-wardrobe-deduction...

August 14, 2025

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Tag: Deduction

What the 2025 Federal Budget Means for Real Estate Investors and Small Business Owners

When Selling for the Right Price Still Gets You Taxed Like a Flipper

How Real Estate Income Is Taxed in a Corporation

The Myth of Inheritance Tax in Canada: What Actually Happens When You Die

Everything You Need to Know About Property Sales in Canada

How to Finally Understand Your Business Numbers Without an Accounting Degree

What Every Real Estate Investor Needs to Know About Divorce and Property

Who Reports Profit In A Real Estate Joint Venture

The New Build Tax Trap Most Owners Miss

How to Deduct Clothing Expense the Right Way

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