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Federal Budget
Understanding the Impending Shift in Canada's Capital Gains Taxation
Explore the latest changes to Canada's capital gains tax in our comprehensive blog post. Discover what capital gains are, their impact on real estate, and the federal government's plan to increase the inclusion rate from 50% to 67% for high earners. This crucial update affects properties and investments, aiming for a fairer fiscal future. Learn how these changes could influence your financial decisions. Perfect for homeowners, investors, and financial professionals.
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The Federal Budget 2021 | Real Estate
High housing costs, especially in urban centres, continue to place middle class and low-income Canadians under huge financial pressure. A long-term plan for a faster-growing Canadian economy must include housing that is affordable for working Canadians, especially young families. Stable housing is critical for communities and for a strong middle class.
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Federal Budget Offers First-Time Home Buyers Incentives
Potential home buyers in cities with white-hot real estate markets got some relief in Tuesday’s federal budget with an incentive program that could lower mortgage payments for households making less than $120,000 per year. The government unveiled a multi-pronged approach to housing affordability that centres on the incentive plan, but beefs up an existing initiative that allows buyers to withdraw money from their RRSPs, and a variety of measures to boost the supply of homes on the Canadian market.
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