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Illustration of hand giving money another hand on the first of the month.
June 13, 2023 Article

Tenants in Canada at Risk for Non-Resident Landlord Withholding Taxes

A recent ruling from the Tax Court of Canada may have significant ramifications for commercial and residential tenants and landlords on rental agreements in Canada. Under existing Canadian tax rules, tenants renting from non-resident landlords must withhold at source
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Interior of empty house
March 2, 2023 Article

Guide To The Underused Housing Tax

The UHT applies to non-resident, non-Canadian owners of vacant or underused residential housing in Canada.
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Interior of completely empty house
September 2, 2022 Article

1% Tax on Vacant and Underused Housing Approved for 2022

Earlier this summer, the government’s Underused Housing Tax Act (UHTA) received Royal Assent. The Act is retroactive to January 1, 2022 and will impact 2022 tax filings for many registered owners of properties that are considered to be vacant or underused. What Types
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Snippet of Brick house with For rent sign in front
June 26, 2018 Article

Change in Use Rules – Principal Residence and Rental Properties

A deemed disposition applies if you choose to convert a property from your principal residence to a rental property, or vice versa. This will result in a capital gain or loss on the property realized from the date of purchase until the date of the deemed
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RRSP Mortgage
November 3, 2017 Article

Mortgage Your Own Property – A Different Kind of RRSP Investment

Have you ever considered the possibility of lending yourself money in the form of a mortgage through your RRSP on a property you own? What if you had enough money invested in your Registered Retirement Savings Plan (RRSP) to cover the remaining cost? Legally, an
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Concept photo with man pressing button on calculator and filling principal residence form
March 2, 2017 Article

Amendments to the Principal Residence Exemption Rules

The principal residence exemption rules permit a Canadian resident to eliminate all or a portion of the capital gain on the disposition of a principal residence. Starting in 2016, individuals who sell their principal residence (including deemed dispositions) must
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