Is the Principal Residence exemption eliminated already? What about the Home Equity Tax?
Update: 2025-04-28
Description
An election is coming. Every homeowner needs the answer:
1. The TAX FREE residential homeowners grant has already been taken away.
2. The Home Equity Tax has been studied and studied and is a totally different new tax...
3. Questions you must ask!
Note: Principal Residence Exemption means no tax on profits on your private residence.
BUT if you bought a new home and sell it within 365 days... 100 per cent of the gain is taxable ... if the government decides to add one year, two or more ... hey, the exemption can be gone.
Mike Campbell and Ozzie discuss the two taxes on April 26 at 8:30 AM at https://mikesmoneytalks.ca/april-26-episode/
VOTING ON MONDAY? ASK the question of your representative NOW.
Host:
About Ozzie Jurock:
Author of best-selling books like Forget About Location, Location, Location and Real Estate Action.
Featured in Donald Trump's real estate book and called a Real Estate Guru by Peter C. Newman in Titans.
Past President of Royal LePage (Res.) and Chairman of NRS Block Bros, with experience managing real estate companies across Canada, the U.S., and Asia.
Speaker Extraordinaire, delivering over 80 motivational speeches annually and hosting investor outlook conferences that attract 700 plus attendees.
Ozzie is passionate about helping people achieve their best financial futures and creating environments for growth. When he's not talking real estate, you might find him skiing, boating, or wrestling with his golf game (spoiler: golf usually wins).
Explore More:
Website: https://ozbuzz.ca for market insights and resources.
Books and Audiobooks: Real Estate in Canada and Real Estate Action 2.0.
Real Estate Action Group: Join the community at https://REAG.ca.
Stay Connected:
Facebook: / ozzie.jurock
Twitter: / 77ozzie
Instagram: / ozjurock
LinkedIn: / 77ozzie
YouTube: / jurockvideo
1. The TAX FREE residential homeowners grant has already been taken away.
2. The Home Equity Tax has been studied and studied and is a totally different new tax...
3. Questions you must ask!
Note: Principal Residence Exemption means no tax on profits on your private residence.
BUT if you bought a new home and sell it within 365 days... 100 per cent of the gain is taxable ... if the government decides to add one year, two or more ... hey, the exemption can be gone.
Mike Campbell and Ozzie discuss the two taxes on April 26 at 8:30 AM at https://mikesmoneytalks.ca/april-26-episode/
VOTING ON MONDAY? ASK the question of your representative NOW.
Host:
About Ozzie Jurock:
Author of best-selling books like Forget About Location, Location, Location and Real Estate Action.
Featured in Donald Trump's real estate book and called a Real Estate Guru by Peter C. Newman in Titans.
Past President of Royal LePage (Res.) and Chairman of NRS Block Bros, with experience managing real estate companies across Canada, the U.S., and Asia.
Speaker Extraordinaire, delivering over 80 motivational speeches annually and hosting investor outlook conferences that attract 700 plus attendees.
Ozzie is passionate about helping people achieve their best financial futures and creating environments for growth. When he's not talking real estate, you might find him skiing, boating, or wrestling with his golf game (spoiler: golf usually wins).
Explore More:
Website: https://ozbuzz.ca for market insights and resources.
Books and Audiobooks: Real Estate in Canada and Real Estate Action 2.0.
Real Estate Action Group: Join the community at https://REAG.ca.
Stay Connected:
Facebook: / ozzie.jurock
Twitter: / 77ozzie
Instagram: / ozjurock
LinkedIn: / 77ozzie
YouTube: / jurockvideo
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
