Taxes
Under Construction
Our Next Political Leaders Must "Take A Serious Swing At The Housing Crisis"
With both provincial and federal elections looming, we can't lose sight of the fact we need to pick political leaders that are going to embrace bold new ideas and tackle the housing crunch.
Feb 14, 2025
Taxes
Toronto Passes 6.9% Property Tax Hike, Turns Down Tariff Relief In 2025 Budget
The finalized 2025 budget is comprised of a $18.8-billion operating budget and $59.6-billion capital plan.
Opinion
Op-Ed: Ontario Needs To Tackle Punishing Taxes to Turbocharge Housing Supply
Tackling taxes and fees is the first step to increasing housing supply and ensuring more families and individuals can achieve the dream of homeownership. That’s why TRREB has launched FairHomeTaxes.ca to fight for lower taxes on Ontario homes, writes President Elechia Barry-Sproule.
Taxes
Feds Officially Defer Capital Gains Tax Increase To 2026
Minister of Finance and Intergovernmental Affairs Dominic LeBlanc has announced that the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually above $250,000 is being deferred from June 25, 2024 to January 1, 2026.
Lions Bay Home With View Of Howe Sound Hits Market For $2.4M
The beautiful property sits at 170 Highview Place in the scenic community of Lions Bay in British Columbia.
Taxes
Chow Sticks To 6.9% Property Tax Hike In ‘Mayor’s Budget’
“I understand that it is challenging for many across the city,” Chow wrote in a mayoral decision. “That’s why with this increase, we are expanding property tax relief programs.”
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.
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.
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.
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