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Register today for CFAA-RHC 2020

2020-02-11T09:15:03-05:00

Register today for CFAA-RHC 2020 Whether you want to learn about the present or the future of rental housing, or the newest technologies available, or are just looking to reach a wider audience to distinguish your brand, CFAA Rental Housing Conference is here for you. CFAA-RHC 2020 will feature two days of timely and relevant education sessions, the Building Innovations Tour, CFAA’s 5th annual Rental Housing Awards Dinner, and more! Early registration is now open for CFAA-RHC 2020, which will take place from June 8 to 10 at the Westin Nova Scotian in Halifax. Don't delay, because early registration pricing only lasts until March 27. For more [...]

Register today for CFAA-RHC 20202020-02-11T09:15:03-05:00

The interest deductibility limitation proposal – a new, critical tax issue

2020-02-07T13:26:43-05:00

The interest deductibility limitation proposal – a new, critical tax issue Besides the promise to review the capital gains inclusion rate, the Liberals made another tax promise in the October campaign that could have serious unintended consequences, detrimental to rental housing providers and renters. It now appears that a decision on any change to capital gains taxes is not imminent. However, unless the federal government reverses course, it is our understanding that a change to the interest deductibility rules will be announced in Budget 2020, which is likely to be tabled in March or early April. Explanation of the issue [...]

The interest deductibility limitation proposal – a new, critical tax issue2020-02-07T13:26:43-05:00

The interest deductibility limitation proposal – What you can do

2020-02-07T13:28:04-05:00

What you can do The federal government proposes to set a limit on the amount of interest that any business can claim as an expense against gross income for tax purposes. The proposed limit is 30% of the corporation’s “earnings before the deduction of interest, taxes, depreciation and amortization” (EBITDA). EBITDA is similar to net operating income less applicable administrative expenses. You are welcome to work out if that limit would affect you. Rental providers and others can make comments in the pre-budget consultation. You can access the pre-budget consultation at https://budget.gc.ca/2020/prebudget-prebudgetaire/index-en.html. The survey asks for input on current government [...]

The interest deductibility limitation proposal – What you can do2020-02-07T13:28:04-05:00

The interest deductibility limitation proposal – What CFAA is doing to protect rental housing

2020-02-07T13:28:30-05:00

What CFAA is doing to protect rental housing The federal government proposes to set a limit on the amount of interest that any business can claim as an expense against gross income for tax purposes. The proposed limit is 30% of the corporation’s “earnings before the deduction of interest, taxes, depreciation and amortization” (EBITDA). EBITDA is similar to net operating income less applicable administrative expenses. The measure has been recommended for all countries by the Organization for Economic Cooperation and Development (the OECD), as a step to avoid income shifting, whereby multinational corporations shift expenses, and thus income, between countries [...]

The interest deductibility limitation proposal – What CFAA is doing to protect rental housing2020-02-07T13:28:30-05:00

CFAA Awards Program 2020 Opens!

2020-02-06T08:48:49-05:00

CFAA Awards Program 2020 Opens! CFAA is proud to announce that the 5th annual Rental Housing Awards Program is now open for applications. Awards finalists and winners will be announced at the CFAA Awards Dinner on June 9, 2020, at CFAA-RHC in Halifax. CFAA is continuing its simplified and expanded eligibility rules and application portal that were both introduced in 2020. Awards Categories CFAA is offering 10 awards categories in 2020. CFAA Suppliers Council members, direct landlord members and landlord affiliate members (landlord members of one of CFAA’s 11 member associations) are invited to apply for these awards: [...]

CFAA Awards Program 2020 Opens!2020-02-06T08:48:49-05:00

CFAA comments on CMHC Rental Market Reports

2020-01-30T15:20:07-05:00

Average vacancy rate decreases 0.2% to 2.2% --- Governments need to make the tax and development climate better for rentals According to CMHC, the average rental vacancy rate in major centres across Canada decreased from 2.4% in October 2018 to 2.2% in October 2019. Vacancy rates generally declined in the Maritimes, Quebec, Alberta, and Saskatchewan, while increasing by modest amounts in centres in Newfoundland, most of Ontario and most of British Columbia. CFAA President, John Dickie, says, “Despite low vacancy rates, the turnover rates show that there is adequate access to rental housing in some form in almost all centres, [...]

CFAA comments on CMHC Rental Market Reports2020-01-30T15:20:07-05:00

CFAA Building Tour Spotlight

2020-01-10T15:48:03-05:00

At CFAA-Rental Housing Conference 2020 in Halifax, Nova Scotia, CFAA’s Building Innovations Tour will tour a number of exceptional new builds in Halifax’s booming rental market. One of the exceptional buildings featured on the tour will be the 2019 CFAA Development of Year finalist, the Alexander, from CFAA Direct Member, Killam Apartment Properties. Built on Historical Brewery Square, The Alexander is 22-storey, 239 unit rental development that was completed in Fall 2018. The Alexander blends old and new with its use of an ironstone base, a material used in many of the buildings around it, and an elegant and [...]

CFAA Building Tour Spotlight2020-01-10T15:48:03-05:00

A Key New Risk Facing Rental Housing Providers

2019-12-17T15:50:40-05:00

Canada’s rental housing providers now face a new challenge because of the October 21 election, and the campaign promise of the Liberal Party and the NDP. Currently 50% of capital gains are included in income for tax purposes. (The other 50% are not subject to income tax.) Fifty per cent is the capital gains inclusion rate (“CGIR”). That rate has applied since 1972, except for the period from 1988 to 2000 when the CGIR varied between 66.67% and 75%. In their election platform in September, the Liberals promised “a comprehensive review of government spending and tax expenditures to ensure [...]

A Key New Risk Facing Rental Housing Providers2019-12-17T15:50:40-05:00

CFAA welcomes Canada-Ontario Housing Benefit agreement

2020-01-09T10:51:47-05:00

CFAA welcomes today’s announcement of the Canada-Ontario agreement to implement the new Canada Housing Benefit in Ontario. The new Housing Benefit will provide funding directly to households who need help to meet the cost of housing in their communities. Across Canada, the Canada Housing Benefit is being rolled out under 13 separate agreements, one with each province and territory. CFAA has long advocated an expanded use of portable housing benefits. Among the advantages of housing benefits is the flexibility they provide for governments to respond to different housing situations and different funding envelopes. At today’s announcement, the Hon. Ahmed Hussen, [...]

CFAA welcomes Canada-Ontario Housing Benefit agreement2020-01-09T10:51:47-05:00

Join us at CFAA Rental Housing Conference 2020

2020-01-09T10:47:54-05:00

Registration is now open for CFAA-RHC 2020, which will take place from June 8 to 10 at the Westin Nova Scotian in Halifax. CFAA-RHC 2020 will feature two days of timely and relevant education sessions, the Building Innovations Tour, CFAA’s 5th annual Rental Housing Awards Dinner, and more! Don’t miss out on our early bird pricing! For more information, or to register, click the link below. Register Now Whether you want to learn about the present or the future of rental housing, or the newest technologies available, or are just looking to reach a wider audience to distinguish your brand, CFAA Rental Housing Conference is [...]

Join us at CFAA Rental Housing Conference 20202020-01-09T10:47:54-05:00