Rental housing tax concerns
As a small silver lining in this large black cloud (which is COVID-19), it appears that any risk of the federal government increasing capital gains taxes, or limiting the interest which can be deducted from net rental income for tax purposes, has been reduced dramatically. In order to support the economy, the federal government will be taking steps to increase economic stimulus, rather than imposing tax increases which would dampen economic activity or cause business new problems.
Expect an update soon on the CFAA Tax Retreat, which is currently scheduled for April 6 in Toronto.
In the near future, CFAA will also update you in respect to plans for the CFAA Conference, currently scheduled to take place in Halifax on June 8, 9 and 10.