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Tax rebate for owners that converted a commercial property into a residential rental property.

Despite its name, the Corktown Brewery Loft building was in fact never a brewery. The 7-storey building in Toronto’s distillery district was used by the CBC in the 1950s as a studio and rehearsal space, but the building has since been converted to a residential property, with some of the most impressive lofts in the […]

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What Landlord Fees are Tax Deductible in Canada

Many people are interested in becoming a landlord but aren’t certain about all the financial logistics involved in managing rental properties. There are a lot of important decisions to consider when you become a landlord. In general, you will want to treat your rental property like a business: buying the right property, screening potential tenants […]

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What You Need to Know About the Foreign Buyers Tax Rebate

In Ontario, the Non-Resident Speculation Tax (also referred to as the NRST tax) targets foreign homebuyers. Essentially, this is a foreign buyers tax, with a tax rate of 15% on the purchase or acquisition of a residential property. The property in question must be located in the Golden Horseshoe area of Ontario. What’s important to […]

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