Tax
CondoBusiness
New fees and taxes spell Alberta revenue boost
New budget announces plans to double various land title fees, apply the 4 per cent tourism levy on online short-term rental transactions and bring all public sector pension fund investment management back under AIMCo's purview.
Canadian Property Management
Toronto weak among Amazon HQ2 contenders
Punditry emanating from the United States characterizes Toronto as an outlier on the short list or overlooks it entirely.
Canadian Apartment Magazine
Sask resumes PST on energy-efficient appliances
Saskatchewan landlords and developers face a six per cent increase in the price of energy-efficient appliances since the provincial government resumed collecting sales tax on previously exempt products.
CondoBusiness
Quebec and Newfoundland proffer homebuyer funds
Provincial budgets, released in both provinces on March 27, outline different approaches to financial assistance that's projected to benefit about 430 recipients in Newfoundland and 47,000 in Quebec.
Canadian Apartment Magazine
Manitoba nixes tax break for new rental housing
Developers of purpose-built rental housing in Manitoba are losing a tax credit that has been available for the past five years.
Canadian Apartment Magazine
Investment property imperils preferred tax rate
The new rules capture the demographic of investors who own small low-rise residential or mixed-use commercial-residential buildings as a sideline to their main business ventures.
Canadian Property Management
Small tax perk for businesses extended to 2025
Claimants gain five more years of accelerated deductions on the capital cost of qualifying renewable energy systems and energy conserving equipment.
Canadian Property Management
New U.S. tax rules alter competitive landscape
Commercial real estate operations within Canada could experience fallout simply due to the interconnectedness of the two economies, while companies with holdings on both sides of the border may be pushed to reassess some of their financing strategies and structures.
CondoBusiness
Ontario foreign buyer tax may drive Montreal sales
The QFREB says Ontario's new foreign buyer tax may increase the presence of foreign buyers in Montreal's real estate market.
Canadian Apartment Magazine
Saskatchewan landlords lose key PST exemptions
Saskatchewan landlords experienced a budget double whammy March 22 — receiving the more forceful cost hit from their provincial finance minister.
Canadian Property Management
Business applauds B.C. electricity cost relief
The B.C. government has pledged to lower the 7 per cent provincial sales tax (PST) on electricity to 3.5 per cent as of this October, and phase it out completely by April 2019.
Canadian Property Management
Ontario threatens retroactive land transfer tax
The suddenness of a new Ontario regulation and, more particularly, its backdating of tax obligations to July 19, 1989, have caught both tax experts and real estate industry advocates off guard.
Canadian Property Management
Targeted tax back on Toronto CRE industry radar
The city of Toronto's renewed contemplation of its special revenue-generating powers has real estate industry advocates proactively calling for a role in any future discussions.
Building Strategies & Sustainability
Temporary tax cuts to promote utility mergers
The 2015 Ontario budget lowers the tax penalty on the sale of local distribution companies for a three-year period beginning in 2016.