January 31, 2025 - Ottawa, Ontario
The federal government has delayed the increase in the capital gains inclusion rate from June 25, 2024, to January 1, 2026. Announced by Finance Minister Dominic LeBlanc, this move provides Canadians with more certainty ahead of tax season.

Key Changes and Exemptions

1. Principal Residence Exemption

   • Canadians selling their primary home remain exempt from capital gains tax.

2. New $250,000 Annual Threshold (Effective 2026)

   • Individuals earning gains under this limit continue to benefit from the current one-half inclusion rate.

   • Applies to secondary properties, e.g., a couple selling a cottage with a $500,000 gain faces no extra tax.

3. Increased Lifetime Capital Gains Exemption

   • Rising to $1.25 million (from $1,016,836) on June 25, 2024.

   • Small business owners, farmers, and fishers with eligible gains under $2.25 million benefit.

4. New Canadian Entrepreneurs’ Incentive

   • Lowers the inclusion rate to one-third on up to $2 million in gains.

   • Begins in 2025, increasing $400,000 annually, reaching $2 million in 2029.

   • Combined with the $1.25 million exemption, tax benefits apply to $6.25 million in gains.

Next Steps

The government will introduce legislation to formalize these changes. The increase in the Lifetime Capital Gains Exemption and the Canadian Entrepreneurs’ Incentive remains on schedule.

Minister’s Statement

“The deferral of the increase to the capital gains inclusion rate will provide certainty to Canadians, whether they be individuals or business owners, as we quickly approach tax season. Given the current context, our government felt that it was the responsible thing to do.”

This decision aims to balance tax policy with economic growth, ensuring fairness for middle-class Canadians and business owners alike. Stay tuned for legislative updates.

Information provided by - https://www.canada.ca/en/department-finance/news/2025/01/government-of-canada-announces-deferral-in-implementation-of-change-to-capital-gains-inclusion-rate.html

Smart homes are no longer a luxury; they’re becoming a standard in modern living. From energy savings to enhanced security and convenience, smart home technology is revolutionizing the real estate market. Here’s why you should consider smart features when buying or selling a home.

What is a Smart Home?

A smart home uses internet-connected devices to control various systems, like lighting, heating, security, and appliances. These devices can be controlled remotely through apps or voice assistants, making everyday tasks more efficient.

1. Convenience and Comfort

Smart homes offer unmatched convenience. Imagine walking into your house and having your lights turn on automatically, your thermostat adjust to your preferred temperature, and your security system activate—all without lifting a finger. Smart devices like thermostats, locks, and lights make everyday life easier and more comfortable, and are increasingly becoming a must-have for homebuyers.

2. Energy Efficiency and Cost Savings

Smart thermostats learn your schedule and adjust temperature settings to save energy, while smart lighting ensures lights aren’t left on unnecessarily. This helps homeowners cut down on energy costs. Additionally, these systems can integrate with solar panels or battery storage for even greater savings and sustainability.

3. Increased Security

Smart home security systems, including doorbell cameras, motion sensors, and smart locks, provide real-time alerts and remote monitoring. Homeowners can keep an eye on their property from anywhere, offering peace of mind when it comes to safety.

4. A Smart Investment

Homes with smart technology often have higher resale value. As more buyers seek homes equipped with the latest tech, investing in smart devices can make your property stand out. For buyers, purchasing a smart home means fewer upgrades and long-term savings on energy and security.

5. Personalization

Smart homes are highly customizable. You can control lighting, temperature, and security based on your routine. This level of personalization adds comfort and convenience to everyday life, making it an appealing feature for homeowners.

Conclusion

Whether you're buying or selling, smart home technology adds value and functionality to any property. From energy efficiency to improved security, the benefits are clear. As the demand for tech-savvy homes grows, now is the perfect time to explore the potential of smart living in the real estate market.