July 2014 Issue 3

Click here to download the PDF Version Page 1: News ONTARIO BUDGET AND INCOME TAX ...

Milton Housing Market a long way from reaching its peak: Real Estate Executive

The Milton real estate market shows now sign of slowing down as “lifestyle” and housing prices continue motivate people to move to town, says a senior executive at Century 21. “Milton creates a lifestyle that attracts people,” said John S. Geha, the real estate firm’s senior vice-president of strategic growth. “You’re close to the airport […]

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TorontoMLS Sales

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Healthy living Dos and Don’ts

Do: Sleep well. A well-rested body is the foundation for a healthy lifestyle. If you’re constantly missing out on sleep, you’re hurting not only your body but your mind. Sleep helps to improve your memory, your creativity and even your lifespan. Don’t: Stay up for “just one more show.” It’s easy to get caught up […]

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Multiple Homes Mean Tax Savings

by Jacqueline Power Own more than one home? Making the right choices about the Principal Residence Exemption (PRE) may save you thousands in taxes. Under the Income Tax Act, a family (defined as spouses and any children under the age of 18) can designate one property per year as its principal residence. The PRE lets […]

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Homeowners indicate they are more comfortable with debt than their parents were, Manulife Bank of Canada Survey Shows

Homeowners in their fifties are almost five times as likely to say they are more comfortable with debt than their parents. Those whose parents taught them a lot about debt management are twice as likely to report their debt is in good or great shape. Eight in 10 homeowners indicate being or becoming debt-free among […]

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ONTARIO BUDGET AND INCOME TAX CHANGES

Ontario Finance Minister Charles Sousa tabled the province’s post-election fiscal 2014–15 budget on 14 July 2014. All tax measures announced in the 1 May pre-election budget have been reintroduced without any substantive changes. Following is a brief summary of the key tax measures. Personal income tax rates For 2014 and later taxation years, two changes […]

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Money Saving Tips for Small Business Owners

1. Make a special TV/Radio appearance. Local stations often have very reasonable advertising rates at time slots throughout the day and night. Though you won’t necessarily reach prime-time viewers, you will make an impression where it counts-in the comfort of potential customers’ homes. 2. Offer expert advice. Teaching a class, speaking at a community meeting, […]

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Total Leased Space Up in Q2 2014

Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a year-over-year increase in combined industrial, commercial/retail and office space leased through the TorontoMLS system in the second quarter of 2014. There was over 5.8 million square feet of total space leased in Q2 2014 – up by 15.6 per […]

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What Are the Different Kinds of Health Benefits of the Lemon?

Lemons contain nutrients that infuse these sour fruits with a variety of health benefits. In addition to the physical boost that you gain from eating lemons, researchers at Ohio State University note that simply smelling lemons is an effective way to enhance your mood. Although this is an important property, the different kinds of health […]

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