What are assignments when it comes to real estate? We are here to answer all of your questions. You may have heard of assignments a lot this year, as they have been getting a bit of a bad rap lately. It's important that you understand what an assignment is in order to make the best…
Read More
What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
Read More
*UPDATED CAPITAL GAINS TAX INFORMATION FOR THE 2024 YEAR* Starting June 25, 2024, significant changes to the capital gains tax rules will come into effect in Vancouver, as part of the federal government's Budget 2024. Here are the key points you should be aware of: Increased Inclusion Rate: For individuals, the inclusion rate for capital…
Read More