Tag · Canada

real estate

2 Loopholes 🇨🇦 Canada

Loopholes Tagged "real estate"

Plain-English guides to Canadian legal rights and workarounds related to real estate.

First Home Savings Account (FHSA)

The FHSA is the most powerful first-home savings tool ever created in Canada — combining the upfront tax deduction of an RRSP with the tax-free withdrawal of a TFSA — but many eligible Canadians have not yet opened one, and the contribution room you never open is contribution room you permanently lose.

Principal Residence Exemption (PRE)

Capital gains on the sale of a Canadian principal residence are fully tax-exempt — with no dollar cap.