Taxes

​Conservative Leader Pierre Poilievre speaking at a press conference in Ottawa.
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.

Taxes

How The Capital Gains Tax Hike Could Affect Real Estate Development

The capital gains tax inclusion rate is set to be increased from 50% to 66.67% on June 25, 2024.

Taxes

Toronto Due For Vacant Home Tax Shake-Up After City Backtracks On Over 100,000 Charges

A shake-up is on the table at this week’s Toronto City Council deliberations when it comes to how the Vacant Home Tax will be rolled out in the years to come.

Taxes

“Cumbersome”: Toronto’s Vacant Home Tax Mishap Draws Criticism Over Declaration Process

As of Friday, Toronto has backtracked on approximately 61,000 vacant home tax bills, and the city says it’s too soon to say exactly what went wrong.

Taxes

Toronto Vacant Home Tax Declarations Due Tomorrow

Toronto homeowners have until tomorrow to declare the 2023 occupancy status of their property — or face a fine.

Finance

Kerrisdale Property Assessment Increases Shock Business Owners

BC Assessment has issued property assessment increases of around 25% on several retail properties along West 41st Avenue, near West Boulevard, all of which will come into effect this July.

Taxes

Toronto Passes 2024 Budget, 9.5% Tax Hike For Residential Properties

City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget.

Taxes

Toronto Vacant Home Tax Declarations Due At The End Of February

It's that time of year again... here’s what you need to know about declaring the occupancy status of your property ahead of the February 29th deadline.

Taxes

Chow Brings Proposed Property Tax Hike Down To 9.5% In ‘Mayor’s Budget’

Chow made the case for a much more palatable 8% raise — which would be combined with a 1.5% increase for the city building levy — when she tabled her version of the 2024 budget on Thursday.