Real Estate Accountant Archives - Page 6 of 13

Cash for Keys in Canada – Why Landlords Offer It and How It’s Treated for Tax

Getting tenants to leave isn’t as easy as giving proper notice—especially in Canada, where tenant protections are strong (and often misunderstood). If you’re a landlord looking to renovate, raise rent, or sell a property, you’ve probably heard of—or even offered—cash...

April 3, 2025

Mortgage Principal residence Tips Updates

2025 Canadian Election Tax Proposals: What You Need to Know

The capital gains tax hike? Cancelled. But that’s just one part of the story. With the federal election coming April 28, 2025, the major political parties have started rolling out their tax platforms. Some of these policies will impact your...

March 27, 2025

Mortgage Principal residence Tips Updates

How to Pay Off Your Primary Residence Mortgage 14 Years Earlier

If you’re a homeowner with a mortgage, you probably already know: The era of ultra-low fixed mortgage rates is over. Many Canadians locked in cheap fixed rates—as low as 2.19%—over the past five years. But those fixed-rate terms are expiring,...

March 20, 2025

The Liberal Government’s Tax Flip-Flops: A Case Study in Wasted Productivity

Tips Updates

The Liberal Government’s Tax Flip-Flops: A Case Study in Wasted Productivity

The Canadian business community has spent the past eight years navigating the Liberal government’s chaotic and unpredictable approach to tax policy. The latest news that Prime Minister-designate Mark Carney will abandon the proposed capital gains tax changes is just another...

March 13, 2025

How US-Canada Tariffs Are Changing Real Estate

Tips Updates

How US-Canada Tariffs Are Changing Real Estate

Who benefits from tariffs? Who really pays the price? Today, we’re diving into tariffs—specifically, the new 25% tariffs US government is imposing on most Canadian goods and Canada’s 25% retaliatory tariffs against the U.S. goods, and what this means for...

February 4, 2025

Tips Updates

Capital Gains Tax Chaos: What’s Next for 2025

What’s the Deal with Capital Gains? When you sell something valuable—like a property or investments—and make a profit, that’s called a capital gain. Right now, in Canada, only half (50%) of that profit is taxable. This is known as the...

January 2, 2025

Tips Updates

Income Tax Update 2025: What’s Changing?

As we move into 2025, several key tax changes will impact Canadians. From income tax bracket adjustments to new rules for short-term rentals and trust reporting, here’s everything you need to know about the income tax update to plan ahead....

December 19, 2024

13 Year-End Tax Tips You Don’t Want to Miss

Tips Updates

13 Year-End Tax Tips You Don’t Want to Miss

As 2024 wraps up, it’s time to take control of your finances, reduce taxes, and prepare for a successful 2025. Whether you’re contributing to savings accounts, taking advantage of new tax breaks, or managing investments, these actionable Year-end tax tips...

December 13, 2024

Tips Updates

The GST/HST Holiday: Real Savings or Just Holiday Hype?

The Canadian government is promoting the GST/HST holiday as a great way to help families save this holiday season. From December 14, 2024, to February 15, 2025, many everyday items including: will be temporarily exempt from GST and HST. But...

December 5, 2024

Tips Updates

Short-Term Rental Tax Trap

How to Protect Your GST/HST Exemption When Leasing Property Short-term rental leases of less than 30 days are generally subject to GST/HST. This means that short-term rental landlords should be charging GST/HST on these rentals and filing GST/HST returns accordingly....

November 14, 2024

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Tag: Real Estate Accountant

Cash for Keys in Canada – Why Landlords Offer It and How It’s Treated for Tax

2025 Canadian Election Tax Proposals: What You Need to Know

How to Pay Off Your Primary Residence Mortgage 14 Years Earlier

The Liberal Government’s Tax Flip-Flops: A Case Study in Wasted Productivity

How US-Canada Tariffs Are Changing Real Estate

Capital Gains Tax Chaos: What’s Next for 2025

Income Tax Update 2025: What’s Changing?

13 Year-End Tax Tips You Don’t Want to Miss

The GST/HST Holiday: Real Savings or Just Holiday Hype?

Short-Term Rental Tax Trap

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