New Home Buyers / Buying a Home or Other Real Estate
Using Your RRSP and/ or FHSA to Help Buy Your First Home
Federal and Provincial Incentives for Home Buyers / Home Owners
Taxes on Real Estate in Canada
Discontinued Home Buyer / Home Owner Programs
Buy a home (From our Free in 30! pages)
First Home Savings Account (FHSA) - Contributions are Tax Deductible
Make sure you report repayments to RRSP Home Buyer's Plan!
Federal First-time Home Buyers' (FTHB) Tax Credit
GST rebate for new housing purchases and substantial renovations and for new residential rental property.
Federal and Provincial Home Renovation Tax Credits
BC First-Time Home Buyers Program - Property Purchase Tax Exemption
Nova Scotia First-Time New Home Buyers HST Rebate
Ontario Seniors Homeowners' Property Tax Grant - can reduce property taxes by up to $500 per year. This is on the Ontario website.
Ontario Land Transfer Tax Refund of up to $4,000 for First-Time Home Buyers - on Ontario Ministry of Finance website.
"Crackdown" on Short-Term Rentals - legislation passed to allow no tax deductions
Residential Property Flipping Rule - Property Held Less Than 12 Months - new for 2023
Canada's Underused Housing Tax - new, deadline now April 30, 2024! Affects non-residents AND MANY Canadians! The minimum penalty for not filing (even if exempt from the tax) is $1,000 for individuals and $2,000 for non-individuals.
BC Speculation and Vacancy Tax
City of Vancouver Empty Homes Tax
Ontario Taxes on Property - Ontario has a foreign buyers' tax and some Ontario municipalities have Vacant Home taxes.
BC Property Taxes, Property Purchase Tax, Home Flipping Tax, Foreign Buyer Tax, Homeowner Grant - Home Flipping Tax New for 2025
Farm Status in British Columbia - Understanding the Regulation
Ontario Foreign Buyers Tax, Municipal Vacant Home Taxes Toronto & Ottawa
Can I deduct interest expense on money borrowed to purchase real estate? - Includes information on vacant land adjusted cost base.
Purchase and sale of rental property
Rental Property Issues and Expenses
Interest expense paid to a non-resident
Buying or Renting Real Estate From a Non-Resident - Withholding tax increases to 35% January 1, 2025
Specified Investment Business - Corporate income from property
Tax implications of owning a cottage or second home
Before purchasing property for rental purposes, talk to a professional accounting/tax advisor, and know the tax rules!
Investing in stocks is MUCH easier than being a landlord, and the investments can be sold a bit at a time, probably staying under the $250,000 re the capital gains inclusion rate!
Is the sale of real estate taxable? What about my principal residence?
Purchase and sale of rental property
$800,000+ capital gains deduction
What expenses can be deducted from property rental income?
Is your rental income considered property income or business income? Why does it matter?
Purchase and sale of rental property, including replacement property rules
Terminal Loss on sale of depreciable property
GST/HST rebate for new residential rental property
What happens if I move into my rental property, or start renting out my home? Topics included:
- Change in use from rental property to principal residence or personal-use property/cottage
- Change in use from principal residence or personal-use property/cottage to rental propety
- What if I rent out part of my principal residence?
Interest expense deductibility
T1135 Foreign Income Verification Statement for rental property in another country.
First-Time Home Buyer Incentive (FTHBI) - help with a down payment - deadline for new or updated submissions was March 21, 2024.
BC Home Owner Mortgage and Equity (HOME) Partnership program for First Time Home Buyers - 25-year loan that is interest-free and payment-free for the first 5 years. Applications were accepted starting January 16, 2017, for purchases that closed on or after February 15, 2017. The program came to an end on March 31, 2018 due to its low participation rate.
BC First-Time New Home Buyers' Bonus - Refundable - was only available up to March 31, 2013
Revised: September 28, 2025