Inflation is pricing many citizens out of the housing market. Home prices have increased more than 50% since the start of the ...
As home values have soared, the taxes tied to owning and selling a home are under more scrutiny than ever. For longtime homeowners who bought low and watched their equity grow, it’s become a boxing ...
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are ...
Business meeting, leader or accountant consulting worker, employee or team manager for tax, audit or financial budget. Planning, collaboration or teamwork for strategy, innovation or mortgage review ...
Dear Liz: We read your recent column about capital gains and home sales. Our understanding is that if you sell and then buy a property of equal or greater value within the 180-day window, the basis ...
Receiving property when someone dies can come with unexpected financial burdens, particularly taxes like estate and inheritance, and capital gains tax, which applies to the profits made from selling ...
In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...