More than 30 years ago, the tax law was changed to come down hard on passive investors by limiting the losses they could claim under the passive activity loss (PAL) rules. The Tax Cuts and Jobs Act (TCJA) did not make a distinction between active and passive investors when it comes to the qualified business income (QBI) deduction. But there is a different problem for real estate investors to resolve.
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Q: I am about to sign an agreement with a real estate agency to sell my home. The agent said I had to provide a huge amount of information about me and my family trust before I could sign the agreement and they would list my home. This isn’t my first time at the rodeo, as I’ve bought and sold before, but this is the first time this has ever happened to me. For example, I sold my mother’s home last year, and they hardly asked for any identification. Do they think I’m up to something or is this a new requirement?
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A capital gains tax would lead to lower house prices as property investors flee the market to avoid getting stung with the new tax, New Zealand’s biggest real estate lobby group says.
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Two weeks ago this column told the story of how the Edmonton International Airport (EIA), in the late-’90s, overcame internal conflict (consolidating two airports into one) and the indifference, if not outright hostility, to its very existence from the airline industry itself.
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Retail sales in Alberta remained relatively flat in December compared to November at just under $6.8 billion, according to Statistics Canada.
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OPEC+ is taking massive amounts of oil off the market, allowing crude prices to post yet another week of gains.
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Three weeks into February, Calgary’s residential resale market continues to struggle with a high level of listings of homes for sale and soft demand.
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John Clarke says Niche Developments’ original goal wasn’t to build eco-friendly condominiums and apartments, but the Edmonton-based company’s president says marrying prefabricated concrete and structural steel to geothermal heating is the future for large, sustainable buildings.
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The tide could be turning in Calgary’s housing market. That’s one key takeaway from a recent report from Canada Mortgage and Housing Corp.
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A new organization aims to make Alberta a global centre of excellence for the Internet of Things, a phrase that refers to the millions of physical objects — from lightbulbs and home appliances to cars and industrial devices — that are now connected to the internet.
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