Category: Canada

The Canadian Security Intelligence Service (CSIS, pronounced “see-sis”) is Canada’s spy agency. CSIS is not a police agency like the RCMP – its officers have no power to arrest or detain and do not enforce the Criminal Code or other laws. What is the secret police of Canada? CSIS is Canada’s lead agency on national […]

The duration of each shift also varies and are either 8, 10 or 12 hour shifts. Applicants should be aware that we provide service to the community 365 days a year, 24 hours a day, 7 days a week, which includes statutory holidays. How long are most police shifts? The most common shift though is […]

You can do this by either buying out the other partner, or by remortgaging the property and removing the other person’s name from the mortgage. Alternatively, you can transfer the equity to the remaining owner. A standard clause is included in the purchase contract. A full appraisal of the property will be necessary. How do […]

How You Can Sell Your Home Privately 1) Get the Paperwork Ready. You’re going to need a stack of paperwork prior to the sale. 2) Maximize Your Home’s Value. A little work goes a long way. 3) Determine the Value of Your Home. 4) Market Your Home. 5) Show Your Home. 6) Considering & Accepting […]

Although real estate commissions on the sale of your home are NOT tax deductible, you can reduce the amount from the sale price of your home for the purpose of calculating capital gains. This can reduce the overall amount of capital gains tax you pay. Can I subtract real estate commission from capital gains? Yes, […]

In order to accomplish this, you need to keep receipts and detailed information about your expenditures, so they can be properly classified by you or your accountant. Costs of haircuts, dry-cleaning, most clothing and clothing repair are not deductible business expenses. See the Tax Court of Canada case Weber v. Can I write off haircuts? […]

In Ontario, it’s legal for an agent to work for both the Buyer and the Seller. It’s called Multiple Representation and it’s complicated. Can a real estate agent represent buyer and seller Canada? Yes, that’s allowed. The situation you’re referring to is called transaction brokerage. Is dual agency illegal in Canada? Ontario recognizes dual agency […]

Do I have to pay taxes on the real estate agent commission? Yes, the seller has the pay HST in Ontario on the real estate agent commission. Is real estate commission tax deductible in Canada? You can also deduct amounts paid or payable to agents for collecting rents or finding new tenants. If you paid […]

Renovations of up to $10,000 ($20,000 starting with the 2022 tax year) that improve accessibility or reduce the risk of harm within a home generally qualify. These expenses may also qualify for a medical expense tax credit. Are renovations tax deductible in Canada? The Government of Canada determines whether or not a home renovation is […]

What is included in property taxes and how often they are paid will depend on the municipality in which you live. Payments might be made annually, semi-annually or quarterly. Do you pay property taxes monthly? Every homeowner pays taxes based on their home’s value and the property tax rates for the county or city. Most […]