Jacob MoolanJun 24, 20221 min readNEW RESIDENTIAL PROPERTY FLIPPING RULEFor 2023, a new rule will deem profits from homes owned for less than 12 months to be business income opposed to capital gain. This means...
Jacob MoolanJun 24, 20221 min readMULTIGENERATIONAL HOME RENOVATION TAX CREDITFor 2023, a new Multigenerational Home Renovation Tax Credit will be introduced for renovations incurred to create a secondary dwelling...
Jacob MoolanJun 24, 20221 min readTAX-FREE FIRST HOME SAVINGS ACCOUNTThe Tax-Free First Home Savings Account (FHSA) will be introduced to help people save for their first home. Like RRSPs, contributions to...
Jacob MoolanMar 1, 20222 min readONTARIO STAYCATION TAX CREDITThe temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province while helping the tourism...
Jacob MoolanFeb 25, 20222 min readWELCOME CANADA PACKAGE – A Myth?If you are an international student, you probably would have heard of the “Welcome Package” or “Welcome to Canada package” during your...