Rechercher des blogs
Blog Alert – Vacancy Tax Update
Over the last few years, various levels of governments have enacted new taxes attempting to address the housing affordability crises. Our past blogs have addressed these taxes: 2019 Blog – BC Speculation and Vacancy Tax January & March 2023 Blog – Canadian Federal Vacancy Tax and Update November 2023 has seen more tax changes and […]
Steven Flynn quoted in The Globe and Mail on Key Considerations for Retirement Relocation
October 25, 2023We are pleased to share that our Partner, Steven Flynn, was recently quoted in a Globe and Mail article focusing on key factors for retirees considering relocation. The article discusses the financial and social costs of relocating in retirement, emphasizing aspects such as real estate expenses, proximity to family and healthcare access. Steven Flynn, a […]
Underused Housing Tax – Affects Canadians Too
March 28, 2023Canada’s new Federal Underused Housing Tax (“UHT”) is in effect for owners of Canadian residential properties as of December 31, 2022. Originally intended for non-Canadian owners, some Canadian citizens and permanent residents (“Canadians”) may be subject to this tax unless they timely file UHT tax returns. Intended for Non-Canadians The law is aimed at non-Canadian […]
Canadian Vacancy Tax Update
January 9, 2023Real estate prices have increased rapidly over the last decade putting pressure on communities to provide housing solutions for families. More jurisdictions are implementing taxes to turn vacant homes into rental properties. This blog summarizes recent changes to these taxes. Federal Announced in the 2021 budget, the Canadian federal Underused Housing Tax applies a 1% […]