Tax
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.
Canadian Property Management
B.C. budget promises cost relief measures
B.C.'s 2024 budget introduces a 12-month electricity rebate, estimated at 4.6 per cent of annual consumption costs, and a six-year pause on property transfer tax for new purpose-built rental housing, beginning in 2025.
Canadian Property Management
CRA to be disabused on investment tax credits
Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Canadian Property Management
REITs unexpectedly tapped for new tax measure
Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
CondoBusiness
Rules for first home savings accounts unveiled
As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
Canadian Property Management
Cogeneration systems to lose tax enticement
The 2021 federal budget adds some clean energy equipment to immediately qualify for accelerated capital cost allowance, and names various combined heat and power applications to be delisted after 2023.
Canadian Property Management
Quebec cuts small business corporate tax rate
The 2021 budget also introduces a temporary doubling of the C3i tax credit for expenditures on computer hardware, management software or manufacturing and processing equipment.
Canadian Property Management
Ontario doubles tax credit in tertiary markets
Canadian-controlled private corporations are eligible for refundable tax credits of up to $90,000 for building investments in southwest, eastern and northern Ontario.
REMI Network
Virtual World Tax Summit to emanate from Montreal
More than 100 speakers will participate in the sixth annual conference, bringing together multi-sectoral perspectives on international tax competition and cooperation.
Canadian Property Management
Deferrals should address GST/HST remittances
Tax specialists are reminding commercial landlords that rent deferrals could have flow-through implications for required GST/HST remittances to the Canada Revenue Agency.
Canadian Property Management
Proptech qualifies for new Quebec tax credit
The tax credit applies on purchases of computer hardware, management software or manufacturing/processing equipment made before January 1, 2025.
CondoBusiness
New fees and taxes spell Alberta revenue boost
New budget announces plans to double various land title fees, apply the 4 per cent tourism levy on online short-term rental transactions and bring all public sector pension fund investment management back under AIMCo's purview.
