Navigating Toronto's Vacant Home Tax:
Legal Insights and Implications
In response to the housing affordability and
availability challenges in Toronto, the city
has introduced a Vacant Home Tax to
encourage the efficient use of residential
properties. This tax targets properties that
are left vacant, aiming to incentivize
property..
Read
More
Purchasing real estate is a significant
financial commitment, and ensuring the
ownership rights and legal standing of the
property is crucial. This is where title
insurance comes into play. Title insurance
is a specialized type of insurance that
provides protection against financial losses
related to issues with the property's title
or ownership..
Read
More
Understanding Land Transfer Tax: What
You Need to Know
When you buy property or land, you're not
only paying the purchase price to the
seller, but you may also be subject to
additional costs, one of which is the land
transfer tax. Land transfer tax is a
government-imposed tax that is applied to
the transfer of ownership of real estate
from one party to another. This tax is
typically calculated based on the property's
purchase price or its assessed value..
Read
More
Comprehensive Ranking
System (CRS) for Canada Immigration:
A Comprehensive Overview
The Comprehensive Ranking System (CRS) is a
points-based system used by Immigration,
Refugees and Citizenship Canada (IRCC) to
evaluate and select candidates for various
economic immigration programs. The CRS
assigns points to candidates based on
specific factors that are known to
contribute to their potential success and
integration into the Canadian economy.
Candidates with the highest CRS scores are
invited to apply for permanent residency
through regular draws from the Express Entry
pool..
Read
More