Taxes
Under Construction
"Out Of Control": Ontario Needs Immediate Reform Of Taxation And Fee Structures
Poilievre has vowed to eliminate the federal sales tax on new homes sold for under $1 million and Crombie has pledged that she would do away with the provincial land transfer tax for first-time homebuyers. We now need the Conservatives to step up to the plate and do the same.
Jan 14, 2025
Taxes
Toronto Floats 6.9% Residential Property Tax Increase In 2025 Budget
While 6.9% is by no means slight, it follows last year’s increase that was proposed to be 10.5% and was approved at 9.5%.
Economy
How Trump's Tariffs Could Impact Canadian Real Estate
As Trump seems to stick to his guns on the threat to impose a 25% tariff on all imported goods, experts warn of the potential implications to Canadian real estate.
Taxes
What's Going On With Capital Gains Tax? An Expert Explains
CPA Canada VP John Oakey says that while the CRA is moving forward, the new inclusion rate is still not official law. "At the end of the day, it's the taxpayers the decision on what they're going to do, and there's consequences on either side of the fence," he says.
At This GTA Real Estate Company, Next-Gen Leadership Is Changing The Game
The Living Group's legacy is a, well, living, breathing, and evolving thing. Here's how the next generation of leadership is forging a path forward.
Policy
What Happens To Capital Gains Tax Hike As Trudeau Resigns?
First announced in April, the legislation would raise revenue for various housing initiatives by increasing the inclusion rate from 50% to 67%
Policy
BC Gov Expects 4,000 Properties To Be Subject To New Flipping Tax Now In Effect
The Government of British Columbia's new home flipping tax came into effect on January 1, 2025.
Policy
Bonnie Crombie's Housing Plan Targets DCs and Land Transfer Tax
The new plan aims to make housing more affordable by axing the Land Transfer Tax for first-time homebuyers, scrapping development charges on new homes under 3,000 sq. ft, and improving the renting industry.
Taxes
Taxes Make Up 36% Of Ontario New Home Prices, Study Finds
According to the organization, 70% of these taxes come from development charges and fees as governments now rake in four times more revenue from the sale of a new home than builders.
Taxes
After “Axe The Tax” Announcement, Poilievre Calls On Premiers To Follow Suit
In a letter to premiers, Poilievre asked to “match my common sense sales tax cut with one of your own by axing the provincial sales tax (where applicable) on new homes under $1 million.”
Policy
Poilievre Pledges To “Axe” GST From New Homes Under $1M
“Getting rid of the GST on new home builds will stimulate 30,000 additional homes built every single year, which, incidentally, will actually generate more income tax revenue for the government without raising rates,” Poilievre told reporters on Monday.
Taxes
Toronto Updates Vacant Home Tax Program After Thousands Of Charges Mistakenly Issued
Toronto's Vacant Home Tax program — meant to incentivize vacant homeowners to sell and source funding for new housing initiatives — has been revamped to avoid another taxation tragedy.
Taxes
Easing Does It: Bank Of Canada Lowers Interest Rate By Another 0.25%
Wednesday’s cut brings the policy interest rate down to 4.5%, and was by and large anticipated by economists with Canada’s ‘Big Five’ banks.
Opinion
Op-Ed: The Capital Gains Hike Hurts Private Landlords, Rental Market
The capital gains tax inclusion rate change affects not just developers, but also small, private landlords, writes Macdonald Realty President Jonathan Cooper.
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