Real Estate – ThinkTak Investments

April 17, 2018April 17, 2018

Can you avoid paying capital gains tax after selling your principal residence even if you have rented it out? Yes, you can! Here’s how…

Capital gains tax is usually a scary enough term by itself! The mere notion that half of your profit is taxed seems discouraging (it shouldn’t be). But one highly misunderstood advantage that Canadian residents have when it comes to their principal residence is what CRA refers to as the “election of subsection 45(2)” protects you from capital gain after you sell your property even if you have rented it for a few years. Lets’ dig into this more: Continue reading “Can you avoid paying capital gains tax after selling your principal residence even if you have rented it out? Yes, you can! Here’s how…”

December 7, 2017

Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook

I will be keeping this post very short. I was reading an OREA textbook and they gave examples of market corrections in the real estate sector (it certainly looks like they are not agreeing with the property market having a cycle though). One example that they gave for “Real Estate Market Correction” sounded awfully familiar to me (I don’t think Continue reading “Why I think Toronto’s condo market might be heading towards a correction – a piece from OREA’s textbook”