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  1. Tenants in common for a rental property - affecting income tax or capital gain

    Taxation
    If I own a rental property with my wife and we put 80% shares of ownership to my wife in the title (tenant in common), can we get income tax and/or capital gain tax benefit providing she has low or no yearly income. If i show 20% of the rental income under me, can I put all cost related to the...
  2. To Sell or continue Renting our Vancouver townhouse

    Real Estate
    Hi all -- We recently expanded our family and moved away from Vancouver (we couldn't afford a house in Vancouver so we bought a house in the Interior of BC and relocated). We kept our 2-bedroom townhouse in Vancouver as a rental property. We now have a good amount of equity in the rental...
  3. Should I pay the next 6 months rent ahead of time?

    Real Estate
    Hi, I have been going to school in sudbury for the last 5 years, and I have been staying in the same apartment that whole time. This is my final year of school, so I dont plan on moving out until I finish. I have a good relationship with my landlord, never missed a payment and we get along...
  4. Rent Increase Laws?

    Real Estate
    Hey guys/gals, Recently, I purchased a rental property and it's a condo building that was constructed somewhere in 2015 and took occupancy shortly after. Are there laws as to how much I can increase the rent by to my current tenants? Some people say yes, others say no.. I called the Landlord...
  5. Taking the leap from single family homes to a small apartment block

    Real Estate
    Background: My husband is a licenced electrical contractor in Ontario. I am a (former) admin assistant with about 20 years experience. We (mostly me) have been renting out single unit dwellings, mostly detached houses, for the past 15 years with mostly very good tenants. We had one bad tenant...
  6. OK to ask questions via email?

    Real Estate
    I like to do screening steps as soon as possible early on. Is it OK by Alberta/Canadian law to ask: + Are you employed and current income + Have you ever been evicted? Also is there any danger of asking these questions via email? Thanks!
  7. Half-ownership of out of province partial income property

    Taxation
    Hi, looking for help on how I declare an out-of-province property I purchased in 2015. Details: - BC resident - Purchased 3-unit rental property in Ontario in early 2015 - Half-ownership with a sibling - Same sibling occupies one unit in property, pays "rent" towards mortgage / expenses -...
  8. Investment property for sale – Nevis (st.kitts & nevis) - west indies

    Real Estate
    Well maintained, large detached two-storey investment property built on a .28 acre lot of land. Each floor has an independent spacious apartment with modern furnishings, 2 double bedrooms (with A/C) and 2 bathrooms open plan lounge, kitchen, dining. Screened verandas and cooling sea breezes...
  9. Principal residence as rental...what expenses are deductable?

    Taxation
    I currently use the basement of my principal residence for a rental business...I have read the cra website regarding expenses and have a few questions for any knowledgable individuals who might be out there. My percentage allocation to rental is 40%; I am assuming if I reshingle the roof then...
  10. One or two bedroom rental property

    Real Estate
    Hi all, I'm looking to buy a rental property in Calgary. I've got ~40k saved up and am looking at buying pretty soon. I've got a bunch of questions that I hope any experienced investors might be able to help me out with. I hope the question is not too open ended, but I'm guessing there will be...
  11. Rental Property & Family

    Real Estate
    My sister and fiancée are not as well off as I have been fortunate to be financially. They have spent the last 3 years renting a home that was sub-par and finally got the motivation to move. Unfortunately they were not sound enough financially to be owning a home (and made the smart decision...
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