When does the “plus 1” rule apply to a principal residence?
There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences...
Income Properties
The 2022 tax brackets in Canada, based on annual income and broken down by province, too
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When should you withdraw money from your corporation to invest?
Is taking money out of a corporation to invest in RRSPs, TFSAs and real estate a good decision? What...
How to know if a secondary suite or basement apartment is legal—and a worthwhile investment
The potential to earn rental income sounds great, but unauthorized second units come with financial and other risks.
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Can I afford to buy a second home?
A second home can serve many purposes, from a vacation destination to student housing for your children. Here’s how...
Can a non-resident open an investment account in Canada?
What are the options for investing as a non-resident of Canada? Which is better: an RRSP or a tax-sheltered...
What expenses can you deduct for a second property in Canada?
Purchasing a second piece of real estate has its costs, but what expenses can be deducted and claimed for...
Can you gift a farm to your kids to avoid taxes?
The idea to gift property to a family member for a dollar to avoid tax is a common one....
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Should you buy real estate through a corporation?
It can make sense to purchase rental or vacation properties through a corporation, but often it's simpler—and less risky...