by Mark Waxman | Oct 16, 2024 | Advice for Agents, Guest Columns
The attachment many Canadians have to their family cottage runs deep. These properties often become central to family traditions and legacies, passed down from generation to generation. But with the recent capital gains tax changes, this treasured inheritance could...
by John Lusink | Jun 17, 2024 | Guest Columns
On June 25, a new capital gains tax inclusion rate goes into effect. Until then, people selling secondary properties pay tax on 50 per cent of any capital gains. After that date, they are taxed on 50 per cent of the first $250,000 — and on 66.7 per cent of the rest....
by REM Editorial Team | May 27, 2024 | News
One of the announcements in the federal government’s Budget 2024 was the capital gains inclusion rate being increased from 50 per cent to 66.7 per cent — something that will impact many secondary homeowners, like those who have a cottage. Effectively, this means that...
by John DiMichele and Michael Bourque | Mar 26, 2021 | Featured, Guest Columns
The Canadian Real Estate Association, the Toronto Regional Real Estate Board and other boards across the country publish extensive resale housing market statistics. We also analyze trends and identify factors driving significant shifts in unique markets across the...
