Taxes
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.
Jul 24, 2024
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.
Country Calling: Get To Know Sherwood Park, A Beloved Alberta Hamlet
For those who prefer to opt out of urban life without being too far removed from modern comforts, hamlets like Sherwood Park, Alberta are a perfect landing place.
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
Housing Market ‘Weakness’ Pulls Ontario Land Transfer Tax Revenue Down By $119M
Ontario is projecting to end the year with a $4.5B deficit, the Province’s third-quarter finances also show.
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.
Taxes
Toronto Gets Closer To New 10% ‘Speculation Tax’ On Foreign Home Buyers
Toronto's Executive Committee voted in favour of the proposed tax on Tuesday, and the item is set to go to City Council next week.
Taxes
Chow Pushing To Lower Multi-Residential Tax Hike To Get Ahead Of AGIs
The multi-residential property tax increase is currently proposed at 4.5%, but Chow hopes to lower that figure in an effort to prevent above-guideline rent increases, as well as evictions linked to AGIs.
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