Can you claim a principal residence exemption on real estate occupied by a child?
Jim has lived in his home, rented part of it to a tenant, and currently has his son living...
Income Properties
Tax implications of building a laneway suite
Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be...
Should you set up a personal real estate corporation (PREC)?
Ontario recently joined several other provinces by allowing the establishment of personal real estate corporations. What are they, and...
Separation and divorce: How do we split up our investments?
When a relationship breaks down, there are tax implications arising from the division of investment assets.
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Real estate during COVID-19: to invest or not to invest?
Do the historically low mortgage rates we're seeing right now outweigh the risk of buying property during a pandemic?...
Little-known tax deductions landlords should consider
From travel costs to collect rent, to picking up the tab for a service provider’s lunch, to the cost...
Advice for cash-strapped renters and landlords during COVID-19
The first step is calculating how much money you need to cover necessary expenses, and compare that with how...
What to do with a rental property when you owe more than it’s worth
Oil prices have tanked and Renee wants to sell her rental property in Fort McMurray, but she owes more...
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How does income from a rental property create RRSP contribution room?
And, perhaps more importantly, should Jerry, who’s retired, claim RRSP deductions or the capital cost allowance, to reduce his...