Posts Tagged ‘PRE’
7 must-read tax season tips for real estate investors
As a real estate investor, what should your real estate accountant be advising you about for the 2016 tax season, and the coming of 2017? We previously published this post last year, but with changes that have occurred in 2016, we thought it was worth reviewing, and updating with the latest information. 1) NEW for 2016: Principal […]
Principal residence exemption & your 2016 taxes
In October, the Federal Government created some major headlines when they announced changes to the principal residence exemption rules for Canadian taxpayers. The details of the principal residence exemption rule changes were outlined in this BDO Canada article, but as a real estate investor, what do they mean for you? Starting in 2016, anyone who […]
Secondary suite income: Principal residence exemption and CMHC rules one year later
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 […]
