Tax and Ownership Rules

What changes when you buy a second property in Ontario, from financing to tax.

Moving out and renting your home triggers a deemed sale for tax. What the 45(2) election does, how the principal residence exemption works, and what to record now.

Homeowners 55+ can borrow against their home with no monthly payments. What a reverse mortgage costs, how the balance grows, and when downsizing is better.

One is never repaid, the other is a 15-year loan to yourself. How first-time buyers in Toronto combine the FHSA and the RRSP Home Buyers’ Plan in 2026.

First-time buyers can take up to $60,000 from an RRSP. The five-year grace period has ended, so 2026 withdrawals start repayment in 2028. Here is how it works.

$8,000 a year, $40,000 lifetime, tax-deductible going in and tax-free coming out. How the FHSA works in 2026 and how to use it for a Toronto down payment.

A clear framework for deciding whether to sell your condo or keep it as a rental in Toronto.

Most resale homes in Ontario are HST-exempt. The exceptions — renovations, new builds, flips, business use — and the HST you do pay on fees.

Co-buying in Ontario: how to hold title, qualify for a mortgage, handle rebates and plan an exit before you buy.

Published 10 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty By Jatin Dua · Broker of