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Effective August 2, 2016, a new tax of 15% of fair market value is payable by "foreign nationals" or "foreign corporations" who acquire "residential property" in the Greater Vancouver Regional District.

On February 18, 2020, the government of B.C. introduced its 2020 provincial budget.

Businesses owners—large and small—have at least one goal in common: to minimize taxes. To do so effectively, however, you need to implement a sound tax strategy—which can be a challenging task...

When a farm is sold as a going concern, it is fairly common for the family home to be situated on the same parcel of land and also form part of the sale transaction.

The Government of Canada recently released its COVID-19 Economic Response Plan pursuant to which a number of economic measures will be implemented during the COVID-19 outbreak.

Residential property, for the purposes of the non-resident speculation tax, includes land that contains at least one and not more than six single family residences.

On March 29, the Obama Administration issued a press release outlining its plan to encourage private investment in infrastructure.

In November of 2021, the Ontario Government released its Fall Economic Statement. In the section entitled "Property Tax Stability and Competitiveness," the government stated...

For Ontario land transfer tax purposes, a partner of a partnership that owns real estate in Ontario generally is treated as having a direct beneficial interest in the partnership's real estate.

The property value threshold for the full home owner grant is increased to $1.65 million for the 2018 tax year, from $1.6 million in 2017.

On August 2, 2016, the Province of British Columbia enacted amendments to the Property Transfer Tax Act (British Columbia) which introduced a new 15% property transfer tax...

On March 20, 2023, the Alberta Minister of Energy, Peter Guthrie, released ministerial order 043/2023 (the Order). The Order, authorized pursuant to the Responsible Energy Development Act...

The taxation of real estate in BC, and specifically unreported income, has become a high profile issue as a result of several different stories published in the media.

As accountants, we often deal with situations where a business has sold a particular property, which can sometimes result in a significant amount of recaptured depreciation and capital gain.

The Supreme Court of Canada (SCC) has dismissed the application of three Alberta municipalities seeking leave to appeal the decision of the Alberta Court of Appeal

A discussion on whether non-profits and charities are paying too much property tax.

As discussed in our blog, Government Seeks Feedback on Lowering the Criminal Rate of Interest, the Government of Canada conducted consultations in respect of the criminal interest rate under the Canadian Criminal Code.

Even in cases where one or more children are able to take full responsibility for the ownership of a cottage, there are other financial repercussions to consider.