All Questions
4
questions
3
votes
1
answer
83
views
Ontario Capital Gains,are profits also part of taxable income?
Say I Sell my investment property house for 500k and bought it for 250k. Leaving me 250k profit.
I'd be taxed on 50% of that correct: 250/2 = 125k taxable. and 125k Profit.
Now my 125k is taxed ...
- 353
4
votes
1
answer
3k
views
First time homebuyer, want to buy an old house tear down and rebuild
My spouse and I have never had a mortgage. We're pre-approved for about a $600k mortgage, which we want to use to buy an older house to tear down and completely rebuild. The initial price on these ...
32
votes
9
answers
13k
views
Can I buy a new house before selling my current house?
I am looking to sell and buy a house. But with the current market being as crazy as it is (houses are selling fast for sometimes 150,000 over asking), I'm afraid if we sell first, we could be stuck ...
- 631
2
votes
1
answer
390
views
What is the pitfall of using the Smith maneuver
What are the pitfalls of the Smith maneuver?
It seems too good to be true and almost makes a case against fully paying down your mortgage :)
What is the catch?
- 16k