Category: Property

Using rental income to support your retirement

Earning rental income to supplement other retirement proceeds is an approach that’s been used successfully by many retirees. Certainly, the prospect of an additional source of steady revenue is highly attractive. But it is not as simple as just sitting back and watching the rent cheques roll in. There’s much to consider before putting a … read more

Should you consider a reverse mortgage?

For those Canadians approaching retirement age, with less than adequate savings in the bank but the good fortune to own a home, temptation has never been greater to consider the much-hyped reverse mortgage. Reverse mortgages are typically portrayed as a no-risk means of accessing the equity in your home, and using that money to help … read more

Selling your US property? Beware the tax implications!

Canadians Selling US Property

If you’re one of the many Canadians who took advantage of the dramatic decline in U.S. property prices in the wake of the debt crisis a few years back, you’re likely now sitting on a sizable return on your investment. Property values have been rebounding south of the border, and with the gains the U.S. … read more

Capital gains and your principal residence

Like most homeowners, you likely chose your particular house based on a desire for certain features, such as a two-car garage or backyard pool, as well as the more practical issues of price and location. Sure, you hoped and even expected that the property would increase in value over time. But few actually base their … read more