Real Estate Taxation

A property in Vancouver sells for $1,200,000 to a Canadian citizen who is not a first-time buyer. What is the Property Transfer Tax owing?

A Canadian citizen purchases a home in BC for $450,000. What is the total Property Transfer Tax payable?

What happens if an Alberta property owner fails to pay their property taxes?

What is the PTT rate on the portion of a property's value that exceeds $2,000,000 in British Columbia?

Up to what fair market value does an eligible first-time home buyer in BC pay no general Property Transfer Tax at all?

Which federal tax applies to the purchase of a newly constructed home in British Columbia?

An eligible first-time home buyer in BC buys a resale home with a fair market value of $510,000. How much Property Transfer Tax do they pay?

An Alberta homeowner completes a major renovation that adds a second storey to their bungalow. How does this affect their property taxes during the current tax year?

Up to what fair market value can an eligible buyer claim a full exemption from general Property Transfer Tax under BC's newly built home exemption?

A Canadian citizen purchases a $2,500,000 residential property in BC. Calculate the total Property Transfer Tax.

How does Alberta's lack of a provincial sales tax (PST) affect real estate construction costs compared to provinces with PST or HST?

How does the City of Vancouver's Empty Homes Tax (EHT) differ from the provincial Speculation and Vacancy Tax (SVT)?

An Alberta property owner rents out their basement suite. How does the rental income affect their property tax obligations and principal residence exemption?

An Alberta municipality is setting its annual budget and determining mill rates. The total equalized assessment base has increased by 10% due to new construction. How does this growth affect the tax burden on existing property owners?

What is the principal residence exemption, and how does it benefit Alberta homeowners selling their primary home?

What is the education property tax requisition in Alberta, and who determines its amount?

What is a 'mill rate' in the context of Alberta property taxation?

How does the property tax rate for non-residential (commercial/industrial) properties compare to residential properties in most Alberta municipalities?

An investor sells a rental property in Alberta for a profit. What federal tax obligation arises from this sale?

What additional Property Transfer Tax rate is imposed on foreign nationals and foreign corporations purchasing residential property in specified areas of BC?

A non-resident of Canada sells a vacant Ontario lot, held as capital property, for $900,000; it cost $600,000. The buyer knows the seller is a non-resident, and no clearance certificate has been issued by closing. Under s. 116 of the Income Tax Act, how much is the buyer liable to remit on the seller's behalf?

A property owner in Toronto sells their principal residence for $800,000 after purchasing it 5 years ago for $600,000. How much capital gains tax will they owe?

Under the Income Tax Act, what is the principal residence exemption?

Sarah bought an investment property 3 years ago for $400,000 and sells it today for $550,000. What amount will be subject to capital gains tax?

A developer purchases a property for $2,000,000 in Alberta, subdivides it, and sells individual lots. The total sales revenue is $3,500,000, with development costs of $800,000. How will this transaction likely be taxed?

A developer purchases land for $1,000,000, builds a home for $800,000, and sells it for $2,200,000. If GST/HST of $286,000 was collected from the buyer, what is the developer's taxable income from this transaction?

Under Canadian tax law, which property qualifies for the principal residence exemption?

A homeowner sells their principal residence that they have lived in for 10 years. What is the capital gains tax treatment?

A real estate investor owns a rental property that they purchased 5 years ago for $300,000 and sells for $450,000. What portion of the $150,000 capital gain is subject to income tax?

Sarah purchased a rental property in British Columbia for $600,000 and sold it three years later for $750,000. What portion of her capital gain is taxable?

A client sells their principal residence for $800,000 after purchasing it for $500,000. How much of the $300,000 capital gain is subject to tax?

A BC resident sells an investment property they owned for 3 years, realizing a $100,000 capital gain. How much of this gain is subject to income tax?

Under the Income Tax Act, what is the principal residence exemption for capital gains tax purposes?

An investor purchases a rental property for $600,000 and sells it three years later for $750,000. What amount is added to their taxable income?

A couple purchased their home in Vancouver for $800,000 in 2018 and sold it for $1,200,000 in 2024. They lived in it as their principal residence for the entire period. How much capital gains tax will they pay?

Sarah purchased a rental property in British Columbia for $600,000 and sold it three years later for $750,000. What portion of her gain is subject to capital gains tax?

Sarah purchased a rental property in British Columbia for $800,000 and sold it three years later for $950,000. What portion of her $150,000 capital gain will be subject to income tax?

Maria inherited a property when her grandmother died in 2020; its fair market value immediately before the death was $600,000. Her grandmother had bought it for $200,000 in 1995. Maria sells it in 2024 for $750,000. For capital gains purposes, what is Maria's adjusted cost base?

Under the Income Tax Act, what is the maximum capital gains exemption available for the sale of a principal residence?

John and Mary are married and own three properties: their principal residence worth $600,000, a cottage they bought for $300,000, and a rental property worth $400,000. They sell the cottage for $450,000 after owning it for 6 years, all while resident in Canada. If they designate it as their principal residence for 4 of those 6 years, what portion of the capital gain is exempt from tax?

An investor purchases a pre-construction condominium for $500,000 and assigns the contract to another buyer for $600,000 before closing. What are the tax implications for the original investor?

Sarah purchased a rental property in British Columbia for $800,000 and sold it three years later for $950,000. What amount would be subject to capital gains tax?

Which of the following properties could qualify for the principal residence exemption from capital gains tax?

In British Columbia, which additional tax applies when a foreign national buys residential property in a specified area such as Metro Vancouver?

A foreign national lawfully buys a $2,000,000 home in Metro Vancouver and leaves it vacant for all of 2026. Which additional BC taxes apply?

When is GST/HST typically NOT applicable on a real estate transaction?

At what purchase price does the standard federal GST/HST new housing rebate on a home bought from a builder fall to zero?

A first-time home buyer signs an agreement in May 2026 to buy a newly built home in Ontario from a builder for $450,000 before tax, to live in as a primary residence. If all conditions are met, what is the most HST that can be rebated under the federal and Ontario rebates combined?

In Alberta, a builder sells a new home for $400,000. What is the GST amount the purchaser must pay?

An HST-registered investor in Ontario buys a commercial building for $2,000,000 from an HST-registered vendor, to use in the investor's commercial leasing business. What HST applies, and how is it handled?

A real estate investor buys a new condominium unit directly from a builder in Ontario for $450,000, intending to rent it to tenants. What GST/HST applies to the purchase?

Which of the following real estate transactions is subject to GST/HST?

A developer in Alberta sells a new condominium unit for $400,000 to a buyer who will live in it and who is not a first-time home buyer. The buyer paid $20,000 of GST. Under s. 254(2) of the Excise Tax Act, what is the GST new housing rebate?

What is the GST/HST rate that typically applies to new residential housing in Canada?

What is the maximum standard Ontario new housing rebate of the provincial part of the HST on a new home bought from a builder (ignoring the newer first-time buyer and enhanced Ontario rebates)?

What is the maximum standard federal GST New Housing Rebate on a new home bought from a builder in British Columbia?

What is the current GST rate that applies to new home purchases in Alberta?

A buyer who is not a first-time home buyer signed an agreement in June 2025 to buy a new condominium unit in Ontario from a builder for $500,000 before tax, as a primary residence. What is the HST, and what new housing rebate is available?

When is GST/HST typically applicable on a real estate transaction in Canada?

When is GST/HST typically payable on a residential real estate transaction in Canada?

When is GST/HST typically payable on a residential real estate transaction?

For the standard federal GST/HST new housing rebate on a home bought from a builder (not the first-time home buyers' rebate), how do the price thresholds work?

Which type of real estate transaction is generally exempt from GST/HST in Canada?

When is GST/HST typically payable on a real estate transaction in Canada?

What is the maximum standard federal GST/HST new housing rebate (not the first-time home buyers' rebate) on an eligible new home?

What is the current GST/HST rate that applies to new home purchases in Ontario?

Which statement about GST/HST on real estate transactions is correct?

What is the new home HST rebate threshold for federal GST portion in Canada?

A first-time buyer purchases a $450,000 home in Ottawa, outside the City of Toronto. Which land transfer tax relief can they claim?

In Ontario, what is the current land transfer tax rate for a property purchased for $500,000 by a first-time buyer?

In British Columbia, what is the total land transfer tax on a $750,000 property purchase for a non-first-time buyer?

What is the maximum first-time home buyer rebate available for Ontario Land Transfer Tax?

A couple buys a resale home in British Columbia for $800,000. They do not qualify for the first time home buyers' or new housing exemption. What Property Transfer Tax must they pay?

What is a significant advantage for property buyers in Alberta compared to most other Canadian provinces?

In the City of Toronto, what combined land transfer tax rate applies to the portion of a single-family home's price between $400,000 and $2,000,000?

Which of the following best describes when land transfer tax is typically paid?

A first-time buyer purchases a $400,000 home in Ontario outside the City of Toronto and qualifies for the provincial first-time refund. How much land transfer tax is payable after the refund?

A buyer who is not a first-time buyer purchases a single-family home in the City of Toronto for $1,000,000. What is the total provincial and municipal land transfer tax payable?

How is Ontario land transfer tax calculated for a first-time buyer purchasing a $500,000 home outside the City of Toronto?

In Alberta, what is the land transfer tax rate for residential properties?

A buyer purchasing a $2 million commercial property in Alberta asks what provincial land transfer tax will be due on closing. What is the correct response?

What is the current land transfer tax rate for a first-time home buyer purchasing a $600,000 home in Ontario?

In Ontario, who is responsible for paying the land transfer tax when a property is purchased?

A foreign national buys a $2,000,000 home in Metro Vancouver. How much Property Transfer Tax is payable in total, including the additional tax?

For a first-time buyer purchasing a $400,000 home in Ontario outside the City of Toronto, what is the provincial land transfer tax before and after the maximum first-time refund?

In Ontario, what is the standard Land Transfer Tax rate for a residential property purchase of $400,000?

Under Ontario's Land Transfer Tax Act, which transaction would be exempt from land transfer tax?

A first-time buyer purchases a $450,000 home in Ontario outside the City of Toronto and qualifies for the provincial first-time refund. What land transfer tax is payable after the refund?

A first-time home buyer in Toronto purchases a $500,000 condominium. Which land transfer taxes apply to this transaction?

In Toronto, what additional land transfer tax applies beyond the Ontario Land Transfer Tax?

A builder sells a newly built condominium unit in Ontario to a buyer for $500,000 before any tax. Which taxes apply to the purchase?

In British Columbia, property taxes are levied on assessed values that are primarily based on which principle?

Municipal property taxes are typically based on which of the following?

Municipal property taxes are primarily based on which factor?

A property in British Columbia is assessed at $800,000 for property tax purposes. If the municipal tax rate is 0.5% and the provincial school tax rate is 0.2%, what is the total annual property tax?

A BC property's assessed value rises from $800,000 to $1,000,000. If the municipal tax rate stays at 0.5% of assessed value, how much do the annual municipal property taxes change?

How is municipal property tax typically calculated in Canada?

What is the primary purpose of municipal property taxes in Canada?

What happens to property taxes when a property is sold mid-year in most Canadian provinces?

Property taxes in Ontario are primarily used to fund which level of government services?

A property in Alberta has an assessed value of $450,000 and the municipal tax rate is 0.7%. What is the annual property tax?

An Ontario homeowner believes the assessed value shown on their property assessment notice is too high. What is their first step to challenge it?

Under Alberta's property assessment system, when are property assessments typically conducted and how often?

Property taxes in Ontario municipalities are primarily based on which assessment principle?

Under Ontario's Assessment Act, how often does the default schedule call for property to be revalued for assessment purposes?

In Alberta, property taxes are primarily used to fund which level of government services?

Property taxes in Ontario are primarily based on which assessment method?

Property tax assessments in Ontario are conducted by which organization?

In British Columbia, what is the general Property Transfer Tax rate for residential property purchases up to $200,000?

An eligible first-time home buyer in BC buys a $450,000 resale condominium. How much Property Transfer Tax will they pay?

What is the primary purpose of municipal property tax in Canada?

Under BC's Speculation and Vacancy Tax Act, which owner of residential property in a taxable region is exempt from the tax for the year?

An investor owns three properties: a principal residence, a cottage used personally 60% of the time and rented 40% of the time, and a pure rental property. For tax planning purposes, how should the cottage be treated?

A real estate investor owns a property that has appreciated significantly but wants to defer capital gains tax. Which strategy would be most appropriate under Canadian tax law?

John owns a cottage that he uses personally for 4 months per year and rents out for 6 months. He wants to sell the property and is considering his tax options. What tax planning strategy should he consider?

A real estate investor owns a rental property that generates $2,000 monthly rent. Which of the following expenses can be deducted for tax purposes?

A real estate developer purchases land for $500,000, constructs a building for $1,200,000, and sells the completed project for $2,100,000. Assuming this is considered business income rather than capital gains, what amount is subject to income tax?

A couple owns two properties: their principal residence worth $800,000 and a cottage worth $300,000. If they sell the cottage for $450,000, what strategies could minimize their tax liability?

A couple in Ontario sells their city home and their cottage in the same year. Both were ordinarily inhabited by the family every year they were owned, but a family unit can designate only one property as its principal residence for each year. Which approach generally minimizes their total taxable capital gain?

A married couple owns two homes: one in Edmonton (purchased 2015) and one in Vancouver (purchased 2020). They want to minimize capital gains tax when selling one property. What should they consider?

An Alberta investor who owns several rental buildings has combined net rental income of $18,000 for the year before capital cost allowance, and $30,000 of CCA available on those buildings. How much CCA can the investor deduct this year?

A couple has owned a city home worth $600,000 and a cottage worth $400,000 for the same ten years; each property has a $200,000 gain and qualifies as their principal residence for every year. They sell both in the same year and may designate only one property per year. How does the choice of property affect their taxable gain?

An Ontario investor wants to sell an appreciated rental property and buy a larger rental, deferring the capital gain the way US investors do with a section 1031 like-kind exchange. Under Canada's Income Tax Act, what is the position?

An investor sells an appreciated rental property and agrees to receive most of the price over several years through a vendor take-back mortgage. Which Income Tax Act mechanism can spread the capital gain over those years?

A taxpayer bought a city home and a cottage for $400,000 each in the same year and has owned both ever since. Both qualify as a principal residence for every year. The city home is now worth $800,000 and the cottage $600,000, and both are sold this year. Which designation minimizes tax?

A married couple owns two properties: their principal residence worth $600,000 and a cottage worth $400,000. If both properties have appreciated equally over 10 years and they sell the cottage, what tax planning strategy should they consider?