How to save on capital gains tax when selling a rental property
A reader wonders if he should buy his parents’ rental property or wait to inherit it, based on the...
Income Properties
Cutting down capital gains tax on real estate sales
Defer RRSP contributions to mitigate taxes
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Joint tenancy vs tenancy in common in Canada: Changing ownership of assets for married and common-law partners
The tax implications of changing land owned jointly as tenants in common to joint tenancy with right of survivorship...
Questions about real estate, family, finances and more
Three situations: Renovating a cottage to build an inheritance, adding names to a property and understanding capital gains. And...
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What tenants need to know about buying out their rental
Douglas is considering buying the property he rents from his landlord. There are considerations and opportunities for everyone involved.
When does it make sense to sell real estate in a larger city and buy in a smaller one?
If Alison’s annual rent exceeds 5% of the cost to buy a comparable home, she may be in a...
Can you claim a principal residence exemption on real estate occupied by a child?
Jim has lived in his home, rented part of it to a tenant, and currently has his son living...
Tax implications of building a laneway suite
Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be...
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Should you set up a personal real estate corporation (PREC)?
Ontario recently joined several other provinces by allowing the establishment of personal real estate corporations. What are they, and...