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second property

A man and woman celebrate the purchase of their second home by dancing in the living room

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...

Buying a second home: How it works in Canada

A terrace with a hammock and wooden picnic table overlook a forested neighbourhood

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...

Is a vacation home a good investment?

A Canadian family moves boxes into a property in the U.S.

When are costs for a U.S. property tax-deductible in Canada?

Canadians pay tax on their worldwide income. But do the costs associated with U.S. properties get the same tax...

When are costs for a U.S. property tax-deductible in Canada?

A man reviews his capital losses on his cellphone at the office

How to carry back a capital loss for a tax refund

Let’s look at the rules and restrictions around carrying back a capital loss, as well as three things to...

How to carry back a capital loss for a tax refund

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A retired couple review the taxes on their recent real estate sale

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...

The tax implications for Canadians selling foreign real estate

family at the cottage, with its future generation of owners

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.

Family legacy: How to pass along the family cottage—and 3 things to avoid

Son moves into rental condo that he owns with his parents. They wonder if they owe capital gains.

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,...

When your child moves into your rental property: Capital gains and how to claim principal residence exemption

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...

What expenses can you deduct when renovating a rental property?

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A woman takes notes while discussing inheritance rules with an advisor on the phone

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...

When does the “plus 1” rule apply to a principal residence?

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