Protect Yourself Against Income Tax Fraud For Canadian income tax payers Canadian income taxpayers should be vigilant when they receive, either by telephone, mail, text message or email, a fraudulent communication that claims to be from the Canada Revenue Agency (CRA) requesting personal information such as a social insurance number, credit card […]
Toronto Personal Finance Posts
40% of Canadians don’t pay income taxes, Prime Minister Trudeau is right
40% of Canadians don’t pay income taxes, Prime Minister Justin Trudeau is right The top 20 per cent is likely paying 70 per cent or more of all income taxes Trudeau was speaking the complete truth when it comes to income taxes (HST, realty taxes and other consumption taxes are another story). […]
New Rent control rules could mark return to sky-high rent increases for Toronto tenants
Toronto housing New Rent control rules could mark return to sky-high rent increases for Toronto tenants With new Rent control rules and the province of Ontario scrapping rent control for new units across Ontario as of November 15, 2018, affordable housing advocates are warning that the changes could mark a return to sky-high […]
Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify
The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]
Toronto home sales decline, could sign to a return to normal market
Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates. The […]