Tax

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.

Canadian Property Management

Targeted tax back on Toronto CRE industry radar

The city of Toronto's renewed contemplation of its special revenue-generating powers has real estate industry advocates proactively calling for a role in any future discussions.

Building Strategies & Sustainability

Temporary tax cuts to promote utility mergers

The 2015 Ontario budget lowers the tax penalty on the sale of local distribution companies for a three-year period beginning in 2016.