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 last year and made up for the rent in...
Property Tax is often the silent investor killer, so today we are talking about the CRA and how you can use tax rebates to claim deductions and reduce the amount of taxes you pay. In this article, we will cover the tax rebates from the basic ones to the advanced one, and even include some pro tips for those serious real estate investors and those looking for a bigger tax return! Tax Due Date Pushed Back...
Realtor Agent Property Management Referral Program - Refinity Homes Partnership
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...
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...