Canada’s Greener Home Grants: How To Get Over $5,000 To Retrofit Your Home
Real Estate News
Canada’s Greener Home Grants: How To Get Over $5,000 To Retrofit Your Home
2023, september 05

”Thought about making some energy-saving upgrades to your home? Now, the Canadian government can give you thousands of dollars to kickstart your green initiatives. ”Almost 20% of Canada’s greenhouse gas emissions come from buildings and homes. To combat climate change, the federal government has launched the Canada Greener Homes Grant. What is the Canada Greener

Tax deductions Canadian homeowners need to know about
Real Estate News
Tax deductions Canadian homeowners need to know about
2023, august 16

In December 2022 alone, there were 21,840 real estate transactions in Canada, despite rising interest rates and a significant cooling off in the real estate market from record-shattering sales in 2021, according to the Canadian Real Estate Association. ”Knowing the ins and outs of Canada Revenue Agency’s rules around homebuyer incentives and eligible deductions can

The CRA has clarified the rules for its new home...
Real Estate News
The CRA has clarified the rules for its new home...
2023, august 04

Main home and secondary unit for a relative can be built at same time and still qualify for $7,500 credit ”Among the 2023 tax changes that took effect for this year is the brand new Multigenerational Home Renovation Tax Credit (MHRTC). This refundable credit was introduced to assist Canadians with the cost of renovating a

Second Quarter Points to a Stabilization of Sales and Prices
Real Estate News
Second Quarter Points to a Stabilization of Sales and Prices
2023, july 18

Highlights: – Sales below the second quarter historic average show a timid return of buyers to the spring market. – Although active listings, all property categories combined, have jumped by 36 per cent over the past year, they continue to remain at an historic low. – Market conditions continue to favour sellers despite the trend

What Moving Expenses Can You Claim?
Real Estate News
What Moving Expenses Can You Claim?
2023, july 06

If you moved to be closer to where you study, work, or run a business, it is possible that you can deduct certain costs from your income. Where and when to claim your expenses ”While there are different tax obligations associated with moving, it’s only when you file your tax return that you can claim