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Results tagged with ontario
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user 52448
For questions that relate to the laws, practices, and products of the Canadian province Ontario.
2
votes
Buying portion of house
If the foreclosed property is sold for more than is owed, then the borrower is entitled to the excess. If sold for what is owed or less, then the borrower gets nothing.
Any money that you are entitle …
- 71.2k
6
votes
Accepted
How does depreciation affect real estate capital gains tax in Ontario?
In Canada, you have the option of claiming depreciation expense, called capital cost allowance (CCA), it is not required. At time of sale, any CCA that you have claimed is recaptured and taxed as regu …
- 71.2k
16
votes
Why would my tenant want me, landlord, to buy his leasehold interest in my own property?
What does he mean exactly? How the heck does it
make sense for a landlord to "buy" a "lease" from his own tenant?
It sounds like they're hoping you might pay them to vacate/end their lease. It …
- 71.2k