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...
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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...
Can you gift a farm to your kids to avoid taxes?
The idea to gift property to a family member for a dollar to avoid tax is a common one....
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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...
Co-ownership: Are there any tax implications if you sell part of your house to a relative?
A finance expert addresses capital gains taxes, possible tax credits, and other factors related to co-ownership of a home.
What are the fees for becoming a joint tenant on a parent’s property?
In becoming a joint tenant, what are the costs associated with it? What impact would a death have on...
Capital gains on subdivided land, and HST on vacant land
For property that you can subdivide, you can sell some of the land and build a house on the...
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Principal residence exemption: Would a senior get a tax credit for selling their house if they move out?
Sometimes, seniors must move out of their home. What are the tax implications of selling the home? Does principal...