Multigenerational Home Renovation Tax Credit
Good news to exisitng homeowners looking at potentially adding a secondary suite to their home for an extented family member to live with them. To be eligible, the renovation must be completed in the owner’s primary residence where they live with a senior or disabled person. The tax credit covers 15
Residential Property Flipping Rule
Buyers who purchase a residential property and sell it under 12 months of ownership may potentially put themselves at risk of paying this tax. Under these new rules, any profit made from a sale of residential property within a year would be taxed as business income and ineligible for either the 50 p
Pre-sale vs. Resale In Vancouver Area
The pre-sale vs. resale question comes up quite frequently with potential buyers in the Vancouver marketplace. Let’s weigh out the pros and cons of both investment strategies so you can decide which option would work best for you and your situation. Pre-sale Pros: You are able to pay initial depos
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