Finance News

2022 Income Tax: New tax credits for Canadians

When are 2022 taxes due? First, the important tax dates to mark in your calendar. The deadline for individuals to file their tax returns is usually on April 30 every year. However, since that date falls on a Sunday in 2023, the deadline is May 1, 2023. If you or your...

Can you save tax by moving into your rental property?

Also, if I co-own this house with a colleague (not spouse/partner), is it automatically assumed to be “joint tenancy” or is it assumed to be “tenants in common” if it is not specified (i.e. the title just shows the two names)? —Debra Capital gains when moving into a...

Weekend Reading: Rental Property Edition

Weekend Reading: Rental Property Edition

We’re building a new home and should have possession of it sometime in February. I’ve been asked a few times if we are going to hang onto our existing home and rent it out. After I stop laughing I explain why I have no desire to own a rental property. I admit that I...

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November 30, 2022, 9:15 am
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