Tax
Canadian Property Management
NL’s green tech tax credit sees few claimants
Newfoundland and Labrador's green technology tax credit resulted in less than $50,000 in foregone revenue for the provincial government in the 2024-25 fiscal year.
Canadian Property Management
Quebec unpacks revenue-generating measures
A package of revenue-generating measures in Quebec's 2025-26 budget includes tax increases, added fees, altered tax credit criteria and elimination of some deductions.
Canadian Property Management
Parking tax to jump 5% in Greater Vancouver
British Columbia's new released 2025 budget includes increases to the TransLink parking tax and the provincial vacant unit tax.
CondoBusiness
Nova Scotia to double deed transfer tax
Out-of-province purchasers of residential properties that are no larger than a triplex will be subject to a 10 per cent tax on the sale value as of April 1, 2025.
Canadian Property Management
Tax reprieve for investment property vendors
Reversion to a 50 per cent capital gains inclusion rate will deliver higher returns than vendors might have expected on investment property sales since June 25, 2024.
Canadian Property Management
MPAC assistance needed to enable parking levy
Toronto would need the Municipal Property Assessment Corporation's assistance to accurately implement a new commercial parking tax, and the agency hasn't yet committed to participate.
Canadian Property Management
Vacant residential land stirs surtax rumblings
The Canadian government is exploring options for a surtax on vacant residential land through a newly launched public consultation, which is open for submissions until December 31, 2024.
Canadian Property Management
Elections loom in three Canadian provinces
Housing, tax and energy costs are prominent on the agenda as British Columbia, New Brunswick and Saskatchewan all prepare for provincial elections in October.
Canadian Property Management
Capital gains tax adjustment unnerves CRE
The jump in the capital gains inclusion rate is expected to have an immediate impact on property sales, while being factored into longer term asset management and investment decisions.
Canadian Property Management
Data management capabilities get tax perk
The 2024 federal budget introduces temporary accelerated depreciation of specified "innovation-enabling and productivity-enhancing" assets and new purpose-built rental housing.
Canadian Property Management
Tax credit overhaul redirects Quebec revenue
The Quebec government has cancelled a tax credit for employers in small and medium-sized businesses who have workers aged 60+ years on their payrolls, and cut back on relief measures for the IT sector.
Canadian Property Management
Taxing debate awaits Toronto commercial parking
Debate about a proposed surcharge on commercial parking spaces in Toronto has been deferred until City Council begins to consider 2025 budget measures.
Construction Business
EV tax framed as fairness for Alberta road users
Among arguments for a new tax, the Alberta government claims electric vehicles "cause more wear and tear on provincial roadways" than their counterparts with combustion engines.
Canadian Property Management
B.C. budget promises cost relief measures
B.C.'s 2024 budget introduces a 12-month electricity rebate, estimated at 4.6 per cent of annual consumption costs, and a six-year pause on property transfer tax for new purpose-built rental housing, beginning in 2025.
Canadian Property Management
CRA to be disabused on investment tax credits
Recent court rulings give Canada Revenue Agency leeway to apply an unintended interpretation to the interest-free and low-interest loans that federal, provincial/territorial and municipal governments offer.
Canadian Property Management
REITs unexpectedly tapped for new tax measure
Advocates for the Canadian commercial real estate industry are asking the federal finance department to clarify why real estate investment trusts have been included in a pending new tax measure.
CondoBusiness
Rules for first home savings accounts unveiled
As proposed, Canada’s first home savings accounts (FHSAs) would share features with both registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs),
