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This form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments, including U.S. stocks,…
Read more How to report foreign income in Canada – MoneySenseIt sounds like you sold or are planning to sell a property in the U.S., Bob. To cut to the chase, selling costs, like a realtor commission, would…
Read more When are costs for a U.S. property tax-deductible in Canada? – MoneySenseSentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last hold before pivoting…
Read more Making sense of the Bank of Canada interest rate decision on April 10, 2024 – MoneySenseIt sounds like you are aware that you can carry back capital losses, Ramesh. If you have a net capital loss on your 2023 tax return, you can…
Read more How to carry back a capital loss for a tax refund – MoneySenseHow you intend to use the property—i.e., for personal use (such as a second home or cottage) or as a rental or investment property. Whether or not the…
Read more Second mortgages in Canada: What are the rules? – MoneySenseSo, how much of a down payment do you need for a second home? That depends on a few factors, including whether or not you intend to live…
Read more Down payment for a second home in Canada: How much do you need? – MoneySenseThis is an as-told-to essay based on a conversation with Dave Claunch, the owner of the Bloomhouse rental property in Austin, Texas. The following has been edited for…
Read more How We Party-Proofed Our Unique Airbnb Income Property | Entrepreneur
