real estate Archives - LawNow Magazine

Your Principal Residence and Taxes

Capital gains have been subject to taxation in Canada since 1972. At present, only half of any capital gain is included in income. While this includes property such as real estate, most Canadians are aware that there is a “principal residence exemption”, and believe gains on their home will not be taxable. For the average […]

Authors:

Hugh Neilson
Hugh Neilson
Hugh Neilson, FCPA, FCA, TEP, is an independent contractor with Kingston Ross Pasnak LLP, and a member of the Video Tax News editorial board in Edmonton, Alberta.
 

Expropriating Land: A Balancing Act

Introduction The somewhat foreboding term “expropriation” in Canada describes the right of the government (the Crown or one of its agencies) to legally take real property (land), that is in private hands and apply it for a greater public use or benefit. This concept is called “compulsory purchase” in the United Kingdom, and “taking” or […]

Authors:

Peter Bowal
Peter Bowal
Peter Bowal is a Professor of Law at the Haskayne School of Business, University of Calgary in Calgary, Alberta.
 

Rohan Somers
Rohan Somers obtained his BA in Communications from the University of Calgary in 2012.
 


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