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...
rental property
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.
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...
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...
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Will you make money on your rental property?
Rental real estate has been a great investment for many Canadians. But how do you assess whether yours is...
How capital gains tax on property is divided in a divorce
When a couple separates, how does owning, transferring and dividing multiple properties affect capital gains?
Should you transfer property to a child and then rent it from them?
Satyesh is considering transferring his home to his daughter and then renting it back from her. What are the...
Principal residence exemption on death and capital gains with joint tenancy
There are rules around capital gains on the sale of joint property in Canada. But how does death affect...
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Are interest payments tax deductible?
Interest paid may be tax deductible under the right circumstances. Find out which scenario might apply to you.