The Bank of Canada raised interest rates this week. Before you make an extra mortgage payment, there’s something worth checking. On October 28, the Bank of Canada raised its policy rate by 0.25 percentage points to 2.5%. If you have a variable-rate mortgage or line of credit, borrowing may now cost you more. But here’s...Read More

Claiming depreciation on your rental saves tax today. When you sell, you might have to pay it back. If you own a rental, the CRA lets you claim depreciation on the building. It is a yearly tax deduction for the wear on the building, and in Canada it is called capital cost allowance, or CCA....Read More

Leaving profit in your company saves tax. It also lowers the income a mortgage lender can use. If you own a corporation, you probably leave part of each year’s profit inside it. That is often good tax planning. A small company pays a lower tax rate on its business income than you would pay personally....Read More

Every Ontario brokerage must now send RECO, the provincial real estate regulator, a yearly report on its money: what it owns, what it owes, what it earned, and what it holds in trust. Your broker of record signs it. The first one is due October 30, 2026. In this issue: What RECO asks for What...Read More

The best time to protect your real estate partnership is when everyone still believes ‘we’ll figure it out as we go. When Two Friends Decide to Buy Investment Property Together David is the co-founder of a growing tech startup in Toronto. Mike runs a successful general contracting business across the GTA. They’ve been friends for...Read More