Housing

by Bhavika Chadha

Navigating Properties with CRA Liens: What Sellers Need to Know

Selling a property already comes with many stresses and complexities, but when the CRA places a lien on the property, those complexities increase. Whe...

by Bhavika Chadha

When Is the Sale of Your Home Taxed as Business Income in Canada?

Buying a home is often one of the largest investments a Canadian taxpayer will make. What many homeowners do not realize, however, is that selling a p...

by Elias Zafiridis

Land Transfer Tax in Canada: What Buyers Need to Know

When purchasing real estate in Canada, many buyers focus on the price of the home but forget about a major additional cost: land transfer tax. This on...

by Bhavika Chadha

Tax 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 Zafiridis

Owning 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 Tzountzouris

Understanding 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 Liu

Principal 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 Chadha

How 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 Rosen

Selling 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 Tzountzouris

Canada’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...