Some Canadians who own a secondary home or cottage are considering whether to sell their property before June 25 when the capital gains tax will increase or allow a family member to…
Tag: tax
New capital gains tax changes could have massive impact on family cottages
Canadians looking to sell their cottages might consider doing so before the end of June. On Tuesday, Finance Minister Chrystia Freeland tabled a somewhat controversial 2024 federal budget, announcing that the capital…
Toronto is adding a new wildlife tax and here is what we know
In a surprise move that has left residents scratching their heads and ranting on social media, city officials have announced the introduction of a new tax aimed specifically at Toronto’s infamous raccoon…
Island residents pay less property tax and cost more in services but for how long?
There is no disputing that living on Toronto Island is a privilege held by a very few people. The price of homes on Algonquin and Ward’s islands are strictly governed. And it…