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Tag Archives: Taxpayers

Homes Tax put on Vancouver’s mortgage holders?

Owners of secondary properties in Vancouver have at least one reason to dread 2021: a near-tripling of the city’s Empty Homes Tax. On November 25, after Vancouver city council voted in favour of the increase, Mayor Kennedy Stewart spoke about how the higher tax should benefit the city’s renters. “It is clear that the Empty Homes Tax [&hellip…

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Financial Literacy: Understanding how the Smith Manoeuver works

In Canada, interest paid on your mortgage for your personal residence is not tax-deductible. The Smith Manoeuvre is a strategy used to convert the interest you pay on your mortgage into a tax-deductible investment loan interest. The strategy derives its name from financial planner Fraser Smith. article continues below  The Smith Manoeuvre is not a super-complicated [&hellip…

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Where are Canada’s most taxed residential and commercial properties?

Yesterday, Altus Group released its seventeenth annual Canadian Property Tax Rate Benchmark Report, a study of the commercial and residential property tax rates in eleven of Canada’s major population centres. The report found that for the third year in a row, eight of the eleven cities studied have commercial tax rates that are at least [&hellip…

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