Tax
Canadian Property Management
Ontario unveils new business tax measures
The 2026 Ontario budget includes targeted tax relief for small businesses, added tax deferral flexibility for some employers and notice that a current tax credit will be terminated in 2027.
Canadian Property Management
B.C. real estate sector gets PST surprise
Commercial and residential landlords and strata corporations in British Columbia face a 7 per cent increase on some key operational costs, set to kick in on Oct. 1, 2026.
REMI Network
Budget 2025 promises more housing and tax relief
The federal budget reaffirms earlier pledges to supercharge homebuilding and cut sales taxes to improve affordability.
Canadian Property Management
Canadian investors escape super BEAT down
International negotiations have given Canadian investors a reprieve from threatened higher costs of doing business in the United States commercial real estate market.
Canadian Property Management
NL’s green tech tax credit sees few claimants
Newfoundland and Labrador's green technology tax credit resulted in less than $50,000 in foregone revenue for the provincial government in the 2024-25 fiscal year.
Canadian Property Management
Quebec unpacks revenue-generating measures
A package of revenue-generating measures in Quebec's 2025-26 budget includes tax increases, added fees, altered tax credit criteria and elimination of some deductions.
Canadian Property Management
Parking tax to jump 5% in Greater Vancouver
British Columbia's new released 2025 budget includes increases to the TransLink parking tax and the provincial vacant unit tax.
CondoBusiness
Nova Scotia to double deed transfer tax
Out-of-province purchasers of residential properties that are no larger than a triplex will be subject to a 10 per cent tax on the sale value as of April 1, 2025.
Canadian Property Management
Tax reprieve for investment property vendors
Reversion to a 50 per cent capital gains inclusion rate will deliver higher returns than vendors might have expected on investment property sales since June 25, 2024.
Canadian Property Management
MPAC assistance needed to enable parking levy
Toronto would need the Municipal Property Assessment Corporation's assistance to accurately implement a new commercial parking tax, and the agency hasn't yet committed to participate.
Canadian Property Management
Vacant residential land stirs surtax rumblings
The Canadian government is exploring options for a surtax on vacant residential land through a newly launched public consultation, which is open for submissions until December 31, 2024.
Canadian Property Management
Elections loom in three Canadian provinces
Housing, tax and energy costs are prominent on the agenda as British Columbia, New Brunswick and Saskatchewan all prepare for provincial elections in October.
Canadian Property Management
Capital gains tax adjustment unnerves CRE
The jump in the capital gains inclusion rate is expected to have an immediate impact on property sales, while being factored into longer term asset management and investment decisions.
Canadian Property Management
Data management capabilities get tax perk
The 2024 federal budget introduces temporary accelerated depreciation of specified "innovation-enabling and productivity-enhancing" assets and new purpose-built rental housing.
Canadian Property Management
Tax credit overhaul redirects Quebec revenue
The Quebec government has cancelled a tax credit for employers in small and medium-sized businesses who have workers aged 60+ years on their payrolls, and cut back on relief measures for the IT sector.
Canadian Property Management
Taxing debate awaits Toronto commercial parking
Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Construction Business
EV tax framed as fairness for Alberta road users
Among arguments for a new tax, the Alberta government claims electric vehicles "cause more wear and tear on provincial roadways" than their counterparts with combustion engines.
