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  • ATV Realty
    ATV Realty
    (416) 503-2373
    2285 Lake Shore Blvd W Ste 301, M8V 3X9  Etobicoke

    The Income Tax Act does not specifically set out whether or not a gain or loss is capital in nature. The taxpayer is responsible for reporting the gain as income or capital gain . This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer . Ov…

  • Angela Coyne Mortgage Team
    Angela Coyne Mortgage Team
    (416) 622-6363
    701 Evans Ave Ste 600, M9C 1A3  Etobicoke

    Building wealth using a re-advanceable mortgage There’s a nice little tax advantage that American homebuyers have been enjoying for years that has never been available in Canada. Our tax rules do not allow us to directly deduct the interest we pay on our homebuying debt as they can in the U.S. Here…