Property Tax Alternative
Are property taxes good things? Not if you are a property owner, but if you work in the municipal government I guess it is good?
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Property Taxes
The Hidden Cost of Land Transfer Taxes
When buying a new house never forget the land transfer tax, if you are lucky you get a rebate, but if not, this is a lot of money to suddenly realize is due. Closing time surprises are never a good thing.
Ontario Land Transfer Tax: What First-Time Homebuyers Must Know
In Ontario, the Land Transfer Tax is a significant closing cost many homebuyers overlook until it’s too late. This article revisits the now-defunct Ontario Home Ownership Savings Plan and explains how it was replaced by the current Land Transfer Tax Refund for First-Time Homebuyers. While written in 2014, this guide remains valuable for understanding how Ontario’s land transfer tax system works, what first-time buyers can still claim, and the shocking fees second-time buyers face. It also highlights little-known quirks about how land transfer taxes are calculated — including surprising charges even when no money is exchanged.
Property Tax: Housing Bubble’s Lamprey
Property taxes can end up slowing down housing bubbles, and also heat things up too, by forcing folks out of houses, due to increased property taxes.
Garbage and Green Bins in Ottawa
The City of Ottawa during it’s latest budget deliberations came up with yet another way to stop the rate increase from being astronomical to only being big, by proposing that Garbage Collection for the city… Read More »Garbage and Green Bins in Ottawa
