November edition

Power of Sale & Investments

17 BURTCH Street , WOODSTOCK, Ontario
17 CARMAN Street , NORWICH, Ontario
200 THOMAS Street , INGERSOLL, Ontario
201 CARNEGIE Street, Ingersoll, Ontario
204 GEORGE Street , INGERSOLL, Ontario
24 MARKET Street, Paris, Ontario
256 DUNDAS Street, Woodstock, Ontario
29 0 MAIN ST E, OTTERVILLE, Ontario
30 NORWICH Avenue , WOODSTOCK, Ontario
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(Not intended to solicit those clients already under real estate contract)

Ontario Gives Rebates to First-time Buyers...for Repeat Buyers...Well

Though the government of Canada has recently made home ownership a tad more difficult and our provincial friends have been less than popular with the soaring costs of hydro, this government's move will help first time buyers by keeping more money in their pockets at the time of closing.  They are doubling the rebate on the land-transfer tax for first-time buyers to $4,000, but are also increasing the same tax on homes that sell for over $2 million.

you can read/watch the full details here https://www.thestar.com/news/queenspark/2016/11/14/first-time-home-buyers-to-get-4000-land-transfer-rebate.html

Capital Gains Tax Strategies Change Under New Tax Rules

How capital gains tax strategies change under the 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