Mexican Riviera Cruise Vacation
Mexican cruise port 1
Mexican cruise port 1a
Mexican cruise port 2
Mexican cruise port 2a
Mexican cruise port 2b
Mexican cruise port 3
Mexican cruise port 3b
Mexican cruise port 3c
Mexican cruise port 3d
Us departing cruise port
Us departing cruise port a
Us departing cruise port b
Click above and guess these port destinations
On November 5th my husband and went on a Carnival Cruise vacation from Los Angeles Long Beach on the Carnival Miracle. Previously we chose Caribbean cruises from Miami, Fort Lauderdale and Port of Canaveral. Our favourite eastern port and easiest access is Miami. The positive aspect of choosing Long beach is that it is only a 3 hour plane ride from Vancouver. Whereas, when we flew to Miami we would fly in the night before since it took a good 12 hours or more to fly to Miami with the 1 stop since there is no direct flight from Vancouver
The Mexican Riviera Ports of call that we visited were Cabos San Lucas, Mazatlan and Puerto of Vallarta These ports have a similar feel to the Caribbean in terms of temperature and culture. We enjoyed Puerto Vallarta the most since it was more developed. We felt very safe while we were there and walked the El Malecon Boardwalk.
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Capital gains tax strategies change under new tax rules
For most Canadians, the new requirement to report the sale of a principal residence will be nothing more than a compliance exercise—but one shadowed by the threat of unrestricted audits and sizeable penalties. To help you negotiate through the new reporting rules, please see the 8 questions you have about principal residence tax rules. But for families with more than one property as well as real estate investors, this new requirement may introduce a few wrinkles into the more common capital gains strategies used to minimize the amount of tax owed to the CRA.
To help you maximize the capital gains tax strategies under this new reporting requirement, here are eight tips and suggestions.
Tip #2: A change in use is also considered a sale
Even if you haven’t actually put your home up for sale, the CRA will deem it to be sold if you change the use of the property. Take, for example, you decide to buy a new, larger home for your growing family but want to hold onto your current property and rent it out. The CRA considers this a “deemed disposition”—you haven’t actually transferred the ownership to another person, but you have changed the primary use of the property, from your family home to a rental property. As such, the CRA will consider the home sold, for tax purposes, at the current fair market value.
Thing is, there are a number of ways to trigger a deemed disposition. The most common way is to change the use of a property—from a family home to a rental property. Another way to trigger this type of taxable disposition is to gift the property to a third party. Do this and the property is deemed to have been sold at its fair market value, at that time. One final way to trigger a deemed disposition is when the taxpayer ceases to be a resident of Canada, for tax purposes. In all cases, the owed tax can be delayed and deferred until the property is actually sold, but for specific advice always talk to a tax specialist.
Read more: Can you avoid capital gains tax »
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