While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global markets and Monetary and Fiscal authorities are responding. As a proactive measure, The Bank of Canada lowered its target for the overnight rate by 50 basis points to 1.25% on March 4, 2020. The Bank Rate is correspondingly 1.5% and the deposit rate is 1%.
Many taxpayers overpay their taxes simply because they fail to claim some of the common deductions and credits they are entitled to. As a homeowner, there are several home tax deductions and credits that you can claim.
With so many people working from home these days, a home office has become an essential space in many homes. It's a growing trend where many Canadians are now choosing to work from home. A home office provides flexibility and saves time where people don't need to go on long commutes.
Selling properties is a long and complex process that requires experience and the right tools. The advent of the information age has provided real estate agents with a very important tool, namely the Multiple Listing Service® (MLS®). All members of local real estate boards have access to the MLS® -- an extensive network of property listings across the country.
When buying a home it is easy to fall in love with a home's appearance, but it is very important to look beyond the window dressing. By playing detective yourself, you can carefully inspect each house you view and eliminate those with too many defects.
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