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News, Taxation and incorporationProhibition on the purchase of residential property by non-Canadians
If you are the owner of a residential property with three housing units or less and intend to put it up for sale soon, know that a new measure has come into effect to prohibit the purchase of this type of property by non-Canadians for a specified period.
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News, Taxation and incorporationNew rules: flipped residential properties
Generally, real estate is considered a safe investment that grows in value. If you acquire a residential property, it will most likely increase in value in the long term, provided of course that you regularly maintain the premises and make the necessary repairs or improvements.
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Focus on Finance Express, Taxation and incorporationIncorporation: A must or something to consider?
There is a lot of talk about incorporation in the professional world. However, just because you have the status of “professional” doesn’t mean you absolutely have to incorporate. As with any major step, you should assess your personal situation to determine whether incorporation has real benefits for you.
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Expert insight, Taxation and incorporationIncorporation: what is your business limit?
Professionals continue to adapt to the many changes that have been made to the incorporation rules.