

The Smith Maneuver
The Smith Maneuver — Explained in Plain English The Smith Maneuver is a legal tax strategy in Canada that helps homeowners turn their...

The Mortgage Duo
Mar 27, 2025


BC Home Flipping Tax
The BC Home Flipping Tax , introduced under the Residential Property (Short-Term Holding) Profit Tax Act , came into effect on January 1,...

The Mortgage Duo
Jan 16, 2025


Defer your Property Taxes
Both BC & AB have a property tax deferral program for both individuals over 55 and families with children. The deferred taxes will be set...

The Mortgage Duo
Oct 6, 2023


Property Transfer Tax Exemption on Newly Built Home
The newly built home exemption reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home. A...

The Mortgage Duo
Nov 14, 2022


Increase on Maximum Purchase Price for the Property Transfer Tax Exemption | First Time Buyers
To address housing affordability, the B.C. government announced in its budget for 2017 that it will be increasing the threshold of the...

The Mortgage Duo
Feb 21, 2017


Home Owner's Grant Threshold Increased
The Province is increasing the home owner grant threshold to $1.6 million , helping keep property taxes affordable for families and...

The Mortgage Duo
Jan 10, 2017


Must Read Tips on Capital Gains Changes
To help maximize capital gains tax strategies under the new reporting requirement, here are eight tips and suggestions: For most...

The Mortgage Duo
Oct 31, 2016


Closing of a Tax Loophole to avoid paying Capital Gains
Homebuyers must now report the sale of a property on their income tax return Up until now, anyone who sold their principal residence in...

The Mortgage Duo
Oct 3, 2016


B.C. Targets Foreign Real Estate Buyers with New Tax
Effective August 2, 2016, an additional 15% property transfer tax applies to residential property transfers to foreign entities in the...

The Mortgage Duo
Jul 27, 2016


New Changes for Property Transfer Tax
The British Columbia government announced a raft of measures Tuesday that aim to tackle the issue of housing affordability in the...

The Mortgage Duo
Feb 17, 2016

