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  • October 25, 2016
  • investors, taxes

Ontario will not follow B.C.’s tax on foreign homebuyers, Premier Wynne says

April Fong, BNN.ca Staff Ontario Premier Kathleen Wynne, The Canadian Press Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers. “We’re not going to go down the road that British Columbia has gone down,” Wynne said at a press conference. “I’m […]

  • October 7, 2016
  • mortgage rules, taxes

How principal-residence tax changes will affect every Canadian homeowner

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our existing tax rules. But the changes also catch many Canadian residents who, in the past, have often inadvertently escaped paying tax on their principal residences. The tax rules […]