Category: Real Estate

If you own a rental property or you choose to rent out a portion of your home, there are various expenses that you can deduct while calculating your net rental income. These include property taxes, home insurance, mortgage interest (not principal), utility costs, advertising, repairs and maintenance costs and property management costs. Unless the rental […]

Are you in the process of selling your home? It’s important to know that Canadians benefit from a generous tax break in the way of the principal residence exemption. When you sell your home, your capital gain is actually tax free if you designate it as your principal residence for the whole time it has […]

Many individuals find it appealing to relocate on a short to mid term basis for work, study or family reasons. In these circumstances the homeowner often does not want to go through the hassle or cost of selling their homes if they know they are planning on returning. As a result, many people rent out […]