- Should you buy or rent?
- Five things to know about capital gains
- I’m purchasing a second property.The property will be occupied by my close family member. They will be paying all the monthly costs: mortgage, property tax, bills etc, without any profit for me. Do I need to declare rental income and claim expences? Will I need to pay capital gain tax when I sell the property in the future?[…]
- I purchased a home with my fiancé in August. I am a first time homeowner. What do I need to bring to file my taxes with you?
- My husband and I purchased our first home October 2012. We got married in August 2013. I don’t think he claimed the first time home buyers tax credit last year. Can we claim it this year? And what do we need to bring? Also, is there something for getting married?[…]
Posted November 22nd 2016
If you packed up and sold your Home Sweet Home (a.k.a. your principal residence), there’s some new things to know when it comes to your taxes. Whether you moved down the street or across the country, the Canada Revenue Agency (CRA) wants to stay in-the-loop, so you’ll need to report the sale on this year’s […]
Posted April 20th 2015
Over the last few years, some of the biggest real estate markets in Canada have steadily risen which translates into higher and higher prices for smaller and smaller properties. This means many potential first-time homebuyers are posed with the challenge of being able to afford to own a home. It raises an important question: to […]
Posted January 5th 2015
January often starts with all-too-familiar post-holiday money woes. You may, in fact, find yourself needing a financial overhaul. A solid budget is a good way to get your finances back in order, so we’ve got five tips for planning a budget and making it stick. Step 1: Familiarize yourself with how you’re currently spending your […]