Archive for August, 2016

Secondary suite income: Principal residence exemption and CMHC rules one year later

Posted on: August 31st, 2016 by Real Estate Accountants No Comments

Now that about a year has passed with CMHC allowing income from secondary suites to be counted for mortgage qualification purposes, as real estate accountants we’re still covering questions regarding this. The most common ones being: Does having a portion of your home rented through a secondary suite void the use of the principal residence […]