If you are planning to rent out your home, or if during the year you’ve moved out of your home and have begun to rent it out, you’ll want to pay close attention.
Did you know that renting out part of your home could trigger a partial change in use which can impact your taxes? At JLT CPA we focus primarily on real estate tax issues and today I’d like to cover what we call a ‘partial change in use’. It can be [...]
Is constructing a laneway home on your mind? At JLT CPA we focus primarily on real estate tax issues and today I’d like to talk to you about something to consider before you build. If you are thinking of constructing a laneway home be aware that some tax issues may [...]
Hello fellow Realtors, mortgage brokers, conveyancers and clients, you may or may not have heard about recent tax changes regarding the principal residence exemption available on the sale of a taxpayer’s principal residence. The recent changes are significant and I would consider them to be a TAX TRAP because the [...]
Thank you to all my family, friends and clients who were able to join me and my family in celebrating this milestone. My practice has been operational for a little over a year and it has quickly outgrown the spare bedroom from which all this had started. I couldn't do [...]