Tax
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.
Canadian Property Management
Toronto weak among Amazon HQ2 contenders
Punditry emanating from the United States characterizes Toronto as an outlier on the short list or overlooks it entirely.
Canadian Apartment Magazine
Sask resumes PST on energy-efficient appliances
Saskatchewan landlords and developers face a six per cent increase in the price of energy-efficient appliances since the provincial government resumed collecting sales tax on previously exempt products.
CondoBusiness
Quebec and Newfoundland proffer homebuyer funds
Provincial budgets, released in both provinces on March 27, outline different approaches to financial assistance that's projected to benefit about 430 recipients in Newfoundland and 47,000 in Quebec.
Canadian Apartment Magazine
Manitoba nixes tax break for new rental housing
Developers of purpose-built rental housing in Manitoba are losing a tax credit that has been available for the past five years.
Canadian Apartment Magazine
Investment property imperils preferred tax rate
The new rules capture the demographic of investors who own small low-rise residential or mixed-use commercial-residential buildings as a sideline to their main business ventures.
Canadian Property Management
Small tax perk for businesses extended to 2025
Claimants gain five more years of accelerated deductions on the capital cost of qualifying renewable energy systems and energy conserving equipment.
Canadian Property Management
New U.S. tax rules alter competitive landscape
Commercial real estate operations within Canada could experience fallout simply due to the interconnectedness of the two economies, while companies with holdings on both sides of the border may be pushed to reassess some of their financing strategies and structures.
CondoBusiness
Ontario foreign buyer tax may drive Montreal sales
The QFREB says Ontario's new foreign buyer tax may increase the presence of foreign buyers in Montreal's real estate market.
Canadian Apartment Magazine
Saskatchewan landlords lose key PST exemptions
Saskatchewan landlords experienced a budget double whammy March 22 — receiving the more forceful cost hit from their provincial finance minister.
Canadian Property Management
Business applauds B.C. electricity cost relief
The B.C. government has pledged to lower the 7 per cent provincial sales tax (PST) on electricity to 3.5 per cent as of this October, and phase it out completely by April 2019.
Canadian Property Management
Ontario threatens retroactive land transfer tax
The suddenness of a new Ontario regulation and, more particularly, its backdating of tax obligations to July 19, 1989, have caught both tax experts and real estate industry advocates off guard.