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Owning some getaway property may have been a good idea at the time that you purchased it. Most families who are investing in this type of property have different reasons for doing so. Some because they have young children and having a cottage to go to during the summer months is a great long term…
For those that have been doing their taxes for many years they may have had a opportunity where they have sold their principal residence and really had no requirements for reporting this to the Canada Revenue Agency. This has all changed as of the 2016 tax season. Now individuals that have sold their home during…
We have talked about owning a second home for a variety of reasons like perhaps renting it out to generate some extra income. Then you may have purchased a second home with the idea of fixing it up and selling it for a profit which may be called property flipping. Now lets talk…
