Principal Residence Tax: Ontario, Canada

Описание: A few years ago, selling your home within one year of purchasing it wasn’t that big of a deal. But now, selling a primary residence in Canada can involve being taxed, which can affect your pocketbook significantly.

Let's talk about:
⇢ Why principal residence tax rules came to be
⇢ How principal residence tax can affect your pocketbook
⇢ Exemptions to principal residence tax that are important for you to know to save you money
⇢ What this all means for you as a homeowner

Government of Canada article links mentioned in the video:
⇢ Tax Effects of Buying Real Estate to Sell for a Profit: https://www.canada.ca/en/revenue-agen...
⇢ Disposing of Your Principal Residence: https://www.canada.ca/en/revenue-agen...

*Disclaimer: I’m not an accountant, mortgage agent, financial planner or banker. I’m a real estate agent who is passionate about asking (lots of) questions relating to homes and finding answers. If you’re looking for specific financial advice, please consult a regulated financial professional.

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Hi! I'm Julia, a down to earth real estate agent on a mission to empower you to create a sense of home and community for you and your loved ones in Ottawa and Hamilton-Burlington Ontario, Canada.

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