Reporting the Sale of Your Principal Residence

Written by:  Gwyneth James MBA CPA, CGA  Senior Partner Starting with the personal tax returns filed for 2016, individuals who sold their principal residence had to report that sale on their tax return on Schedule 3 – Capital Gains (or Losses) for the Year. The principal residence exception eliminates any capital gains from the sale … Read more

Are You Thinking About Owning a Rental Property?

Written by; Suzanne Cody CPA, CGA When you earn income from renting a property it can affect many things from a tax perspective. It is important that you are aware of these effects so that you are not surprised when it comes time to file your taxes. The income from renting personal property can be … Read more

1-888-511-2791
info@codyandjames.ca