All who add to the community any information regarding homes abroad, whether it is tax legal, financial, commercial or social, will be on the SHORTLIST for the future TOKEN sale and will be the first to obtain crypto tokens in the community!
Canada
1. In Canada, the tax rate percentage for transferring real estate varies depending on the province. For example, in British Columbia, the property transfer tax rate is 1% on the first $200,000 and 2% on the remaining amount. In Ontario, the land transfer tax rate is 2% on the first $55,000, 1.5% on the next $195,000, and 2% on any amount over $250,000.
2. In Canada, there is no specific percentage tax rate for renting out a house. Rental income is considered taxable and must be reported on your tax return. The amount of tax you will pay on rental income will depend on your total income for the year and the applicable tax brackets.
3. The top 5 most popular regions to live in Canada are:
- Toronto, Ontario
- Vancouver, British Columbia
- Montreal, Quebec
- Calgary, Alberta
- Ottawa, Ontario
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