Taxes
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.
Jan 31, 2025
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%.
Higher Level Living: Langley Townhomes Serve Sweeping Rooftop Views For All
Tucked between the vibrancy of Willowbrook and the tranquility of Willoughby, Addition — rising via Redekop Ferrario Properties — is set to serve an unmatched lifestyle opportunity.
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.
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.
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