New Rules Regarding the Principal Residence Exemption

New Rules Regarding the Principal Residence Exemption

Tax season is upon us.  Canadian tax residents must file tax returns for 2016 income with the Canada Revenue Agency (CRA) before the end of April 2017.  Who is a Canadian tax resident?  In principle, anyone for whom Canada is a home base is regarded as a tax resident....

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Macdonald Realty nominated for Top Luxury Brokerage Award

Macdonald Realty nominated for Top Luxury Brokerage Award

VANCOUVER, B.C. – (March 28, 2017) –   Macdonald Realty was nominated for the Luxury Portfolio International® Top Luxury Brokerage Award, presented for overall engagement in Luxury Portfolio; embracement of tools, meetings, events, advertising and brand usage; and...

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Macdonald Realty: A Giant Tree from a Tiny Acorn

Macdonald Realty: A Giant Tree from a Tiny Acorn

Vision and hard work – that sums up how Lynn Hsu grew a real estate company from one office to 20 offices and 1,000-plus employees, making it Western Canada’s largest full-service brokerage firm [soliloquy id="5481"] As seen in... Profiles of Excellence 2017...

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New Exemptions to the 15% Property Transfer Tax

New Exemptions to the 15% Property Transfer Tax

EXEMPTION FROM THE 15% TAX The original announcement that work permit holders would be exempt from the 15% additional property transfer tax was made on January 29, 2017. On March 17, Premier Christy Clark finally introduced the details of the new exemption to the 15%...

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