How to report foreign income in Canada
Canadians have reporting requirements for foreign assets, income and tax paid. Here’s how to claim each of these on...
rental property
Down payment for a second home in Canada: How much do you need?
Second homes and rental properties have their own down payment requirements. Here’s what to expect when buying a second...
Second mortgages in Canada: What are the rules?
Interested in buying a second property? Familiarize yourself with the mortgage rules first to make sure it’s the right...
Buying a second home: How it works in Canada
Here’s what home owners and investors should know about the rules, financing options and tax implications of buying a...
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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 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...
Can you use the Home Buyers’ Plan to buy a foreign property?
Find out if you can use the RRSP home-buying program to purchase foreign property and the tax implications that...
Is a vacation home a good investment?
A cottage or other vacation property can provide a great way to unwind and spend time with family. But...
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How to book a long-term vacation rental
If you’re planning a long vacation, or you want to give the digital nomad thing a try, here’s how...