Overview: a look at the new Tax-Free First Home Savings Account (FHSA), including what it is, who’s eligible, and its benefits and limits. What Is The First Home Savings Account? The First Home Savings Account (FHSA) is a new registered savings plan that allows first-time home buyers to save up…
Tag: taxes
Ontario Hikes Non-Resident Speculation Tax (NRST)
Overview: a look at Ontario’s updated Non-Resident Speculation Tax or NRST, including who it applies to, the properties it covers, and exemptions to the tax. What Is The Non-Resident Speculation Tax? The 15% tax was created to deter foreign nationals from buying up residential property in Ontario and making home…
Canada’s Vacant Home Tax & Foreign Buyer Ban [Updated]
Overview: a look at Toronto’s Vacant Home Tax (VHT) and Canada’s Foreign Buyer Ban, plus their impact on home sales, prices, inventory and more. Two of the biggest include Toronto’s Vacant Home Tax (VHT) and The Prohibition on the Purchase of Residential Property by Non-Canadians Act. The goal of both…
Buying a Property In Toronto – Toronto Real Estate – Buyer’s Guide
Toronto Real Estate – Buyer’s Guide My commitment to my buyer clients… Because I am committed to preparing you to be an educated buyer, I will: give you the most vital and up to date information on available homes keep you aware of changes in the real estate market…