Capital Gains Tax in Canada Made Easy In Canada, capital gains tax is a tax on capital gains that occur when an individual or business entity sells capital property for more than the purchase price. This type of capital gain can be realized by selling stocks, real estate, or businesses. When capital gains are made on these investments, the government requires individuals to report and pay taxes on their capital gains. The capital gains tax rate in Canada depends on the type of capital gain... [read more]

How Can Shifting Homes Become Super Easy Whether we are upgrading our residence to a more desirable, bigger home, or moving in with a partner, relocating to a new spot is definitely a challenging task. Settling in and getting comfortable in a new environment can be a little difficult. Though in the long run, relocation often turns out beneficial for our lifestyle and peace of mind, yet with all these cons of shifting, most people delay it as much as they can. Shifting can be a very hard... [read more]

The Greater Toronto Area is a mosaic of varied communities, as one might expect for such a diverse metropolis. With varying attractions and characteristics, new and old residents of Canada are sure to find the perfect neighbourhood that matches their unique lifestyle and taste. Toronto, Canada's most populous city, is recognized for its multiculturalism and tech potential throughout the country. Whether it's for the CN Tower or a nail-biting Raptors game, tourists and Canadians... [read more]

What to Know About Living in Toronto Are you considering moving to Toronto? Are you curious about what it's like to live in Canada's largest city? Check out Toronto Condo Team's guide with information to consider about living in Toronto. Toronto is the heartbeat of Canada, where over 3 million people reside. It's spacious, eccentric, and home to residents from all walks of life. With a wide range of attractions from world-class sports arenas, restaurants, bars and... [read more]

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]