Tag: real estate investor

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,...

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...

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...

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...

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....

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...

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...

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....