Blog Article

Monday, 06 May 2024

By Leahs Mortgages

Leah Zlatkin quoted in CTV News: ‘What is changing about Canada’s capital gains tax and how does it impact me?’,50%2Dper%2Dcent%20rate.

Many Canadians could feel the impact of this tax change, such as through the sale of their cottages and other secondary residences, or rental properties.

“I think that even middle-class Canadians could be dramatically impacted by this,” said Leah Zlatkin, mortgage broker and expert, in a video interview with “If you look at the appreciation and property values in the last three or four years, there are a number of people who bought cottages before COVID when cottages were very cheap. And now if you were to sell that same cottage, the cottage has gone up four times, five times its value.”