The tax implications for Canadians selling foreign real estate
How are Canadians taxed on foreign property? Find out if you should report the sale on your tax return...
second property
Family legacy: How to pass along the family cottage—and 3 things to avoid
Discover key strategies from estate planning lawyer Peter Lillico on preserving your family’s cherished cottage for generations to come.
When your child moves into your rental property: Capital gains and how to claim principal residence exemption
When an adult child moves into their parents’ rental property, the family should be clear on a few things,...
What expenses can you deduct when renovating a rental property?
The purpose of the renovations, as well as the occupancy of the building, can influence whether the expenses are...
Advertisement
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...
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.
Can I afford to buy a second home?
A second home can serve many purposes, from a vacation destination to student housing for your children. Here’s how...
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...
Advertisement
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...