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Tag Archives: tax

Ontario introduces a new tax on foreign real estate investors

On April 20, 2017, The Ontario government introduced the Fair Housing Plan that includes 16 housing affordability measures for homebuyers and renters after two consecutive years of double-digit gains in the housing market that made the average house prices in the Toronto region reach $916,567 in March 2017, up 33.2 per cent from a year earlier.

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Tax-planning strategies this year is vital to weather the expected tax rate changes: CIBC

Jamie Golombek, Managing Director, Tax & Estate Planning, CIBC Wealth Advisory Services, advises taxpayers to start as early as possible reviewing their tax savings strategies while taking into consideration the expected changes in the tax policy of the new government.

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