Ads keep this website free for you. does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Real Estate
Canadian Tax and
Financial Information Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with!


Home  ->  Financial Planning -> Real Estate and Canadian Tax Issues, Home Buyer Incentives

Real Estate

New Home Buyers / Buying a Home or Other Real Estate

Buy a home (From our Free in 30! pages)

Using Your RRSP or FHSA to Help Buy Your First Home

Tax-Free First Home Savings Account (FHSA) - new for 2023

Home Buyers' Plan (HBP)

Make sure you report repayments to RRSP Home Buyer's Plan!

Federal and Provincial Programs for Home Buyers / Home Owners

Federal First-time Home Buyers' (FTHB) Tax Credit

First-Time Home Buyer Incentive (FTHBI) - help with a down payment - deadline for new or updated submissions is March 21, 2024.

GST rebate for new housing purchases and substantial renovations and for new residential rental property.

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.

Federal and Provincial Home Renovation Tax Credits

BC First-Time New Home Buyers' Bonus - Refundable - was only available up to March 31, 2013

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 $2,000 ($4,000 for purchases after Jan 1, 2017) for first-time home buyers - on Ontario Ministry of Finance website.

Taxes on Real Estate

"Crackdown" on Short-Term Rentals - proposal 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 and City of Vancouver Empty Homes Tax

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

Real Estate - Tax Issues

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 real estate from a non-resident - if you buy from a non-resident without realizing it, this could be very costly!

Specified Investment Business - Corporate income from property

Tax implications of owning a cottage or second home

Selling a Home or Real Estate

Is the sale of real estate taxable?  What about my principal residence?

Purchase and sale of rental property

Principal residence exemption

$800,000+ capital gains deduction

bulletQualified small business corporation shares
bulletQualified farm property
bulletQualified fishing property
bulletCumulative net investment loss (CNIL)

Real Estate Rentals

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

Capital Cost Allowance

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.

Revised: April 30, 2024


Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from

Facebook  | Twitter  |  See What’s New, stay connected with by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.