How to calculate the adjusted cost base of inherited property
What happens if you inherit a property and have no record of its value at that time? How can...
Selling
Buying pre-construction: What if your home is worth less than you paid?
Due to rising mortgage rates and falling home prices, some pre-construction home buyers are facing financing issues. Let’s look...
How to carry back a capital loss for a tax refund
Let’s look at the rules and restrictions around carrying back a capital loss, as well as three things to...
The tax implications for Canadians selling foreign real estate
How are Canadians taxed on foreign property? Find out if you should report the sale on your tax return...
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Second mortgages in Canada: What are the rules?
Interested in buying a second property? Familiarize yourself with the mortgage rules first to make sure it’s the right...
The tax implications of buying a second home in Canada
Vacation or rental property, or both? Here are the taxes you can expect on a secondary property in Canada,...
Toronto housing bubble: Is it ready to pop?
Toronto’s surging housing market faces uncertainty. Learn about soaring prices, economic factors and the future of affordable home ownership.
Family legacy: How to pass along the family cottage—and 3 things to avoid
Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.
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Reducing capital gains on a cottage
With planning and the right documents, the capital gain tax owing on a family cottage can be lowered. Here...