Category: Canada

6 Steps to Flip a House in Canada Building your budget and schedule. Determining your desired neighbourhood. Hiring a real estate agent. Purchasing your property. Repairing and renovating your house. Preparing to sell your property. Can you make money flipping houses in Canada? Flipping a house isn’t for everyone. However, if done correctly, flipping a […]

Typically when buying a cottage you need to have a minimum down payment of 5% to 10% of the value of the cottage. How much do you need to put down on a cottage in Ontario? You need a minimum down payment of 5% of the purchase price. How much do you need to put […]

While you may want to escape to your cottage year-round, it doesn’t mean that this is an option. Some rural residential properties are zoned “seasonal”, which means roadways are not maintained during the winter. Apart from no access during certain seasons, you may also be on the hook to provide and pay for maintenance. What […]

If you want to sell $5,000 worth of a mutual fund, stock or an exchange-traded fund (ETF), you can do it. You can split your capital gains over two tax years by selling half one year and half the next. Can you income split capital gains in Canada? Splitting the income from a capital gain […]

Contract Work does count as employment. The primary distinction between contract employees and permanent workers revolves around differences in the employer-employee relationship. The main differences between contract employees and full-time employees are the degree of the employer’s control over their work. Does contract work count as Canadian experience? NO, none of these jobs do in […]

Top Universities in Canada for UG Universities Student Satisfaction Ranks Top UG Courses Bishop’s University 2 B.Ed, BA, BBA Acadia University 4 Bachelor of CS, BBA, BEd University of Northern British Columbia 5 BSc, B.Comm, BSW St. Thomas University 6 BEd, BSW, BA What is the best college in Canada for international students? University of […]

IDPs issued in Canada are not valid in Canada. The IDP is primarily used by visitors to Ontario. If you plan on living in Ontario – that is, you will be a permanent resident living in Ontario – you need to get an Ontario driver’s licence within 60 days of moving to Ontario. Is IDP […]

What is the capital gains tax rate in Canada? Go rooting in the Income Tax Act and you’ll struggle to find something called “capital gains tax”. That’s because there’s no special tax relating to gains you make from investments and real estate holdings. Instead, you pay the income tax on part of the gain that […]

8 ft 6 in wide. In Canada, tiny home dimensions can be up to 8 ft 6 in wide – this limitation is dictated by what width will enable them for transport on public roads without requiring a special permit. Similar reasons also determine the height, which can be a maximum of 13 ft 6 […]

Can I avoid capital gains tax on the sale of my rental property in Canada? Unfortunately, you can’t. You can only avoid capital gains tax on property that is your primary residence. All other property sales are subjected to capital gains tax. How do I avoid capital gains on a rental property in Canada? To […]