How high tax rates hurt the economy
What is tax fairness? How can high tax rates hurt the economy? Let’s explore what a flat tax could...
Capital Gains
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,...
Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
Capital gains tax in Canada, explained
Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets....
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Yes, a cottage is an investment property—here’s how to minimize capital gains tax
Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...
Can I sell my cottage tax-free?
Is there a tax exemption for capital gains? No, but find out how to allocate your principal residence exemption...
Inheriting cottage and the capital gains implications
Jill's late husband left her a cottage. What happens if she transfers ownership to her stepchildren?
Capital gains tax when renting out your former principal residence
There may be tax implications to renting out your home after moving out of it. There are also some...
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Selling a cottage to a family member: What that means for capital gains
If the property was bought before 1994, there may already have a $100,000 capital gains deduction.