Residential and Commercial Property Taxes Explained

When considering an investment in real estate, you may be debating between residential and commercial properties. There are benefits to investing in either category, so investing may come down to other factors such as taxes. In Canada, there are two types of property tax; land transfer tax and individual property taxes. It is important to get to know each type to find out how much you may owe for properties you are interested in investing in. Property Taxes in General In general, property taxes are based on where the property is located. The rate is set by the local government… [Read More]