real estate

Property Flipping? Know Your Tax Obligations!

2018-05-16T14:53:14+00:00

What is property flipping? Property flipping is when individuals, including real estate agents, buy and resell homes in a short period of time for a profit. This also includes buying and selling a property before its official sale or construction—a process called an “assignment sale” but sometimes also referred to as

Property Flipping? Know Your Tax Obligations!2018-05-16T14:53:14+00:00

2018 B.C. Budget Sets Sight on Housing Affordability

2018-02-21T15:16:12+00:00

The B.C. government recently unveiled its 2018 Budget.  One of its key focus was on the province's housing market.  In an effort to reign in speculation and address housing affordability, the province is set to implement some new taxes, as well as, update some existing ones.  New provincial-federal programs will also be introduced

2018 B.C. Budget Sets Sight on Housing Affordability2018-02-21T15:16:12+00:00

B.C.’s First-Time Home Buyers’ Program at Work

2017-02-01T15:32:21+00:00

B.C.’s First-Time Home Buyers’ Program (FTHBP) is a provincial government program designed to assist new homeowners.  The First-Time Home Buyers’ Program is not to be confused with the Home Buyers’ Amount.  While the former is a provincial property transfer tax exemption offered to eligible first-time home buyers in B.C., the latter is a federal non-refundable

B.C.’s First-Time Home Buyers’ Program at Work2017-02-01T15:32:21+00:00

Get a Tax Break With the Home Buyers’ Amount

2017-01-18T15:15:21+00:00

The Home Buyers' Amount allows you to claim up to $5,000 when purchasing a qualifying home. This translates to a federal non-refundable tax credit of up to $750 on qualifying home purchases. Canada's Home Buyers' Amount allows you to claim federal non-refundable tax credit of up to $750 on qualifying home purchases. The

Get a Tax Break With the Home Buyers’ Amount2017-01-18T15:15:21+00:00

The Principal Residence Exemption Can Help You Save on Your Income Taxes

2016-11-30T14:27:38+00:00

Skyrocketing housing prices in Vancouver and Toronto have been dominating the news.  In light of this, the federal government announced changes to the reporting of real estate sales, and the Principal Residence Exemption (PRE).  The new measures aim to collect data on home sales in order to plug any tax leakages by ensuring only eligible

The Principal Residence Exemption Can Help You Save on Your Income Taxes2016-11-30T14:27:38+00:00

B.C.’s New 15{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} Foreign Buyers Tax

2016-08-05T16:30:34+00:00

While many cities across the country have experienced some cooling in their housing markets, Metro Vancouver’s market continues to soar.  It seems like every month local home prices hit yet another high.  Many believe Vancouver home prices have become unaffordable to local buyers, largely fuelled by wealthy offshore buyers.  Queue to June 25th when the

B.C.’s New 15{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} Foreign Buyers Tax2016-08-05T16:30:34+00:00