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Mansion Global Are Holiday Cottages Included in Canada’s Property Tax Hike Proposal? The government is still working out the details on the potential fee increase on vacant properties owned by non-citizens By V.L. Hendrickson  |  Save The Canadian government proposed a tax on vacant homes owned by foreign property owners who don't reside in the country. chimpyk / Getty Images The Canadian government proposed a tax on vacant homes owned by foreign property owners who don't reside in the country. chimpyk / Getty Images Every week, Mansion Global pos...

Can You Explain Canada’s New Proposal to Tax Non-Resident Homeowners? If approved, residential property owners who aren’t Canadian citizens and live in other countries would have to pay a 1% tax By V.L. Hendrickson  |  Save Danielle Donders / Getty Images Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question. Q. Can you explain the proposal to tax vacant residential property owned by non-resident, non-Canadian owners being considered in Canada? A. The government of Canada released its Budget 2021 last w...

Joel Barde, Local Journalism Initiative Image Credit: SUBMITTED/Sun Peaks Resort April 29, 2021 - 10:33 AM A proposed new federal government tax on foreign owners of Canadian real estate is being met with a cool reception by Sun Peaks Mountain Resort Municipality council, with mayor Al Raine saying it would be a “bit of a disaster” for resort municipalities. The new tax, known as the “Tax on Unproductive Use of Canadian Housing by Foreign Non-resident Owners,” is being proposed as part of the federal government’s new budget, which was released last week...

To embed, copy and paste the code into your website or blog: On Monday, April 19, 2021, Canada’s Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the first official budget in the past two years, titled, Federal Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience (the “Budget”).  The Budget proposed over $100 billion in spending, and, among the more significant measures, the Budget proposes extending the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS), and Lockdown Support through September 2021.  The Budget also in...