(NC) For the 70 per cent of Canadians who own a home, it is a place to live, raise our family, and it connects us to our community.
Due to Canada's tax system's Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed.
RRSP (Registered Retirement Savings Plan) season is here!
Use the first 60 days of the year to contribute to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund.
Energy-efficient homes can increase comfort and promote healthier living, while reducing greenhouse gas emissions and lowering home expenses. Canada Mortgage and Housing Corporation (CMHC) is upgrading its Green Home Program.
Pricing a rental property is more complicated than most investors understand, especially if you want to get it right.
We've all heard stories about what a neighbour or another investor was able to rent their unit for. If they could get that rent, you should be able to get the same, right? Unfortunately, that's just not true. In fact, that type of logic can run you into some big trouble as a landlord.
Life is full of expenses: new car, mortgage, and schooling. And how do you afford this? Borrow, borrow, borrow – right? Well, maybe not always. If you have created a budget you know exactly what you have coming in and going out each month. You’ve set aside a little extra for those unplanned expenses and retirement. If you haven’t created a budget you likely don’t have a very good understanding of your finances… this is the behaviour that leads to overextending and consumer debt.
Ahh, the sweet sounds of summer are back: nail guns, power saws, digging and demolishing. Ok, they’re not exactly sweet sounds, but they are certainly familiar to anyone who lives in Canadian suburbia. With reports of real estate prices being instable and fluctuating, it seems that everyone is running to the hardware stores to spruce up their homes in hopes to increase their property values.
Going thru a separation or divorce can be one of the most difficult periods in anyone’s life...
In addition to the heartbreaking end of a marriage, there are often difficult decisions that need to be made… Where do the kids live.? How do you divide up the assets.?...
Inspecting your home on a regular basis and following good maintenance practices are the best way to protect your investment in your home. Whether you take care of a few tasks at a time or several all at once, it is important to get into the habit of doing them.