Ultimate Guide On Vancouver Empty Homes Tax and BC Speculation and Vacancy Tax
January 2023
Today we are talking about all things tax-related (FAQ about tax), as we are now in the midst of the tax season. Here are some common questions and answers many real estate investors and home owners have related to their homes and investment this tax season. Q&A For Investment / Rental Properties Income What about rental income If the tenant did not pay rent in 2021 and made up for the rent in...
Changing the air filters in your HVAC systems such as furnaces for houses/townhomes or fan coils for condos is an essential practice that ensures clean air circulates throughout your home. Without a clean air filter, your HVAC unit works harder and is prone to more breakdowns. Many residents are unaware of how often air filters need to be replaced, leaving their system vulnerable to damage. Here's why it...
We've made a guide on the top 20 revealing questions you should ask during the next time you are interviewing a potential property manager. Whether it is moving to a new city or just want a peace of mind with your properties, you've decided that it is the best option for your time and energy to choose a property manager to take care of your property. Plus, you as a savvy real estate investors knows you...
If you are a non-resident in Canada but you have a rental property in Canada then it is very important that you understand the tax implications of your non-resident status. Most non-residents want to buy a rental property in Canada because of the good real estate market that Canadians boast. If you are a non-resident and have a rental property in Canada please keep on reading. Let's look at the tax...
Being a homeowner sure can be expensive. From the down payment to the monthly mortgage to renovations and upgrades, sometimes it feels like your investment is more like a money pit. Worst of all, the home repairs listed below are difficult to budget for, as they’re almost impossible to predict. The average homeowner spent a total of $4,832 on routine and emergency home repairs excluding any major...