All Questions
3
questions
1
vote
0
answers
39
views
First Home Savings Account (FHSA) in Canada
FHSA was introduced in Canada in 2023 for first time home buyers. From what I read I can open a FHSA, because I have not lived in the house since I bought it (always rented). I can contribute up to $8,...
- 141
8
votes
3
answers
450
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Is it tax-inefficient to receive and pay rent?
Suppose I own a home and live in it. Then I realize I want to move to another part of town that is closer to work. But this is temporary because I don't know what my job will be in 5 years.
So I rent ...
- 264
1
vote
1
answer
178
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Where to park money from the sale of a rental property?
If I sell my investment property to raise cash for the purchase of a new home, I am required to pay capital gains tax (i.e. income tax on 50% of the gain amount.)
Is there a way to park this money ...
- 16k