by Bhavika ChadhaTax Implications of Selling Your Principal Residence in Ontario
Under section 54 of the Income Tax Act (the “Act”), a principal residence is generally defined as a housing unit (including leasehold interest or ...
by Elias ZafiridisOwning Rental Property Through a Corporation
Owning rental property has become an increasingly popular and effective strategy for long-term wealth accumulation. In response, individuals are becom...
by Connor TzountzourisUnderstanding the Tax Implications of House Flipping in Canada
House flipping has become a popular way for many Canadians to invest in real estate. The concept is simple: buy a residential property, renovate it, a...
by Jeffrey LiuPrincipal Residence: Tax Consequences of Sale
Generally, when real estate is sold, the seller will pay some tax on the proceeds. The Principal Residence Exemption (the “PRE”), as explained und...
by Bhavika ChadhaHow a GST Elimination on New Homes Could Affect the Existing Housing Rebate Framework
In wake of the recent federal election, Prime Minister Carney’s platform placed a greater focus on eliminating the Goods and Services Tax (GST) for ...
by Jason RosenSelling Your Home: What You Need to Know
Selling your home is a significant financial decision that involves more than just finding the right buyer. From understanding the tax implications to...
by Connor TzountzourisCanada’s Vacant Home Tax
It is no secret that Canada is currently grappling with a housing crisis. This has been reflected by a shortage of affordable housing and sky-high pri...
by Jeffrey LiuNon-Resident Landlord Withholding Tax: Know Your Responsibilities
Landlords who are not tax residents of Canada and their tenants should be aware of filing and reporting requirements relating to the 25% federal non-r...
by Matthew Pollock