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Is the Principal Residence exemption eliminated already? What about the Home Equity Tax?

An election is coming. Every homeowner needs the answer:

1. The TAX FREE residential homeowners grant has already been taken away
2. The Home Equity Tax has been studied and studied and is a totally different new tax …
3. Questions you must ask!

Note: Principal Residence Exemption means no tax on profits on your private residence.
BUT if you bought a new home and sell it within 365 days… 100% of the gain is taxable … if the government decides to add one year, two or more … hey, the exemption can be gone.

Mike Campbell and Ozzie discuss the two taxes on April 26 at 8:30 AM at mikesmoneytalks.ca/april-26-episode/

VOTING ON MONDAY? ASK the question of your representative NOW.

Host:
Ozzie Jurock – Author of best-selling books like Forget About Location, Location, Location and Real Estate Action.
Featured in Donald Trump’s real estate book and called a Real Estate Guru by Peter C. Newman in Titans.
Past President of Royal LePage (Res.) and Chairman of NRS Block Bros, with experience managing real estate companies across Canada, the U.S., and Asia.
Speaker Extraordinaire, delivering over 80 motivational speeches annually and hosting investor outlook conferences that attract 700 plus attendees.
Ozzie is passionate about helping people achieve their best financial futures and creating environments for growth. When he’s not talking real estate, you might find him skiing, boating, or wrestling with his golf game (spoiler: golf usually wins).
Connect with Ozzie:
Get Ozzie’s blog (free) sign up here: ozbuzz.ca
Website: ozziejurock.com
Books, CDs, merchandise: ozbuzz.ca/shop/
Real Estate Action Group: Join the community at REAG.ca.
BC Real Estate Directory: BCRED.ca (free)
Ask an Expert now: askanexpert.ca
Bulletin Board: realestatetalks.com (47,831 visitor last month)
YouTube: youtube.com/jurockvideo
Social: Facebook, Twitter/X, Instagram, LinkedIn

Oz Buzz Podcast

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Disclaimer

Please note that any response to any email or any invitation to any meeting is accepted on the understanding that “Jurock Real Estate Insider (JREI)”, “OzBuzz (OB)”, “JCIR (JC)” as the case may be, are not responsible for any result or results of any action or actions taken in reliance upon any information contained in this posting or meeting, nor for any errors contained therein or presented thereat or omissions in relation thereto. It is further understood that the said OB or JREI, or JCIR as the case may be, do not, pursuant to this posting, purport to render legal, accounting, tax, financial, planning, or other professional advice. The said OB and JREI and JCIR may or may not own properties discussed at meetings or receive or not receive referral fees at any meeting you may attend as a result of this posting or invitation. The said OB and JREI and JCIR, as the case may be, hereby disclaim all and any, liability to any person, whether a purchaser of any offering, a reader of any offering, or, otherwise, arising in respect of this postings and of the consequences of anything done or purported to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of these postings. If you respond to any posting OB or JREI and JCIR or attend any meeting from and by said companies, we fully expect that you get independent legal/tax/investment/mortgage advice as the case may be.

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