Buying a home in Canada comes with plenty of ongoing expenses. Property taxes, mortgage payments, insurance, repairs—the costs add up fast. So when tax season rolls around, you might wonder: "Can I write off any of these expenses?"
Unfortunately, in Canada, the home you live in doesn't give you the same tax breaks you'd get in the United States. Property taxes and mortgage interest on your primary home are NOT tax-deductible in Canada.
But don't close this tab yet.
While you can't deduct your basic homeownership costs, Canada offers several tax credits and deductions that can save you real money. First-time buyers get credits worth $1,500. Work from home? You might deduct thousands in home office expenses. Own a rental property? Now we're
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Are you planning to move out of your current province and hoping to find the perfect home in your new town? Moving to a new home in a new place is full of excitement and fun. However, it can get stressful if you’re not prepared. There’s a lot to be done before moving, and buying a house can feel completely overwhelming.
Taking your business to the next level is never easy, but it can be done. We asked some of the best real estate experts in the world to share their top tips for marketing real estate in 2015. Check out their responses alongside our own, below!
Buying a home as a single person is a lot different than buying a home as a couple. When you have another person that is going to be buying a home with you, you have a sounding board to work with during the process. All of your concerns and questions can be discussed with your partner and at the end of the day it will be two signatures that are penned at the bottom of the contract instead of only one. When one person only has to sign, it can be a lot more stressful since you are assuming full responsibility for the new property and all of the payments that are going to go along with it down the line.
A new survey was conducted by Pfizer Canada that asked real estate brokers and agents in the province of Ontario about the price changes that could occur due to an owner smoking in their home. The survey showed that smoking could reduce a property's value by up to 29%. It's important to note, however, that Pfizer Canada is a pharmaceutical company that promotes a medication to help smokers quit the habit!
The fastest way to find buyers when selling your home is by figuring out who would want it. There are target markets for anything that is being sold in today's society and the same is true for real estate. When you find your target market and connect with them you will have more interested buyers because they want what you have to offer.
It's important to take certain precautions when you're house hunting or looking for a place to rent. In today's tight real estate market in Calgary, it can be easier to fall prey to a scam due to desperation. In order to help you avoid these scams, we have put together some common sense guidelines to follow.
There are special Mother's Day brunches occurring in many restaurants across Calgary on this special day that celebrates moms and everything they do for their children. Take her out for a brunch at her favorite restaurant or surprise her with a new menu to choose from at a different place. Here are just some of the brunches available in the city this year: