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Open House. Open House on Saturday, December 9, 2023 2:00PM - 4:00PM

Please visit our Open House at 66 158 171 ST in Surrey. See details here

Open House on Saturday, December 9, 2023 2:00PM - 4:00PM

Enjoy a private and quiet living experience, surrounded by the natural beauty of a Bald Eagle Conservation area by renowned builders Dawson & Sawyer. This exceptional residence features quality construction & thoughtful design. The bright, open unit boasts 9 ft ceilings on the main, creating a spacious & inviting ambiance. The Gourmet Kitchen is a focal point and features beautiful white cabinets, an oversized island, & a 5-burner gas range. The top floor offers a retreat with a spacious primary bdrm, complete with a spa-inspired ensuite & walk-in closet. Two additional bedrooms provide versatility for your lifestyle needs. The lower level is designed for convenience, with another bedroom w/ensuite, and full-size laundry area. BONUS: Double side-by-side garage. Close to all amenities.

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Open House. Open House on Sunday, December 10, 2023 2:00PM - 4:00PM

Please visit our Open House at 66 158 171 ST in Surrey. See details here

Open House on Sunday, December 10, 2023 2:00PM - 4:00PM

Enjoy a private and quiet living experience, surrounded by the natural beauty of a Bald Eagle Conservation area by renowned builders Dawson & Sawyer. This exceptional residence features quality construction & thoughtful design. The bright, open unit boasts 9 ft ceilings on the main, creating a spacious & inviting ambiance. The Gourmet Kitchen is a focal point and features beautiful white cabinets, an oversized island, & a 5-burner gas range. The top floor offers a retreat with a spacious primary bdrm, complete with a spa-inspired ensuite & walk-in closet. Two additional bedrooms provide versatility for your lifestyle needs. The lower level is designed for convenience, with another bedroom w/ensuite, and full-size laundry area. BONUS: Double side-by-side garage. Close to all amenities.

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6 Things To Know About Capital Gains

6 things to know about capital gains and
taxes for people across Canada

  

So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show up on your tax return. Here's a friendly chat about what you need to know, in simple terms.
 

1. What's Up with Taxes on Capital Gains?

Capital gains are kinda like a 50-50 deal when it comes to taxes. Only half of what you earned from selling your stuff gets taxed. But how much tax you pay depends on your yearly income. So, if you sold a building for more than you bought it, only half of that profit gets added to your income and taxed accordingly. Higher income, more tax - that's the game.

2. Capital Gains vs. Losses

Sold something for less than you paid? That's a capital loss, my friend. But it's not all bad news. You can use these losses to reduce the taxes on your gains. If your losses are more than your gains, you can even use them to lower your taxes in the past or future years.

3. Keep Your Papers in Order

When it comes to declaring capital gains, paperwork is king. Keep track of when you bought and sold things, the costs, commissions, and any other expenses. Trust me, having these documents handy will make your life easier when tax time rolls around.

4. Gifts and Sales: What's the Deal?

Gave something away or sold it for less to a family member? The tax folks will act like you sold it for its full market value. So, you might still owe taxes on a bigger gain than you expected.

5. Splitting Gains with Your Better Half

Generally, you can't just split capital gains with your spouse to save on taxes. There are some rules around this. But if you both bought something together and paid equal shares, then you can split the gains equally too.

6. Smart Planning for Your Gain

Got a feeling you'll sell something for more than you bought it? Plan ahead! Maybe sell some stuff that's not doing so well, or put more into your retirement savings to lower your taxes for the year. Timing can also be key - if your income is lower in a particular year, reporting your gain then could mean less tax.

Remember, this chat is just a friendly overview. It's super important to chat with your accountant or tax professional for advice tailored to your situation. They're the pros who can guide you through the nitty-gritty of your finances. Stay smart and stay informed!

Disclaimer: This information is for general understanding and should not be used as a substitute for seeking professional guidance from an accountant or tax professional. Laws and tax regulations can be complex and change over time, so it's always a good idea to get personalized advice from the experts. 


*Courtesy of 
SHANNON MAYHEW, MBI 
MORTGAGE BROKER
T: 778-858-9848
www.westcoastbroker.ca 

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We have sold a property at 16628 60 AVE in Surrey

We have sold a property at 16628 60 AVE in Surrey. See details here

STYLISH HALF DUPLEX WITH NO STRATA FEES! This home is immaculate! Beautiful 2 storey with a FULLY FINISHED BASEMENT/SEPARATE ENTRY 2,566 sqft 1/2 Duplex Home. This home boasts 4 bedrooms in total 3 up, 1 down & 3.5 bathrooms. Open plan kitchen with maple cabinets, SS appliances, fresh designer colors, well-planned out storage, Central vac, security system and fully fenced back yard with patio. This home has LANE ACCESS to garage & driveway parking and the list goes on... Located within walking distance to 2 elementary schools, shopping, transit & the best park in Cloverdale, the Athletic Park. These duplexes are highly desirable and sell quickly.

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We have sold a property at 7 35259 STRAITON RD in Abbotsford

We have sold a property at 7 35259 STRAITON RD in Abbotsford. See details here

EAST ABBOTSFORD opportunity! This beautiful basement entry home is over 2,900 sqft and features open concept living space w/ family room, D/R & large kitchen on the main floor. Walk out to your private backyard patio and add some BBQ meals to your summer evenings while you entertain friends & family. Main flr also features 3 bdrms including primary with w.i.c & ensuite. Entry flr foyer is large enough that a den/office could be added. Totally finished basement could features up to 2 additional bdrms to make this a 5 bdrm home, or leave your space wide open as it is currently being used. High efficiency furnace, air con. & a HUGE OVERSIZED GARAGE that could fit a Pick-up & 2 add. vehicles. Family friendly neighborhood just down the road from Clayburn Village & Lepp's Market.

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We have sold a property at 15748 91A AVE in Surrey

We have sold a property at 15748 91A AVE in Surrey. See details here

This charming, lovingly maintained home is nestled in a fantastic family-oriented neighbourhood, making it the perfect place for you and your family. With a focus on comfort, space, and convenience, this residence is bound to steal your heart. This home boasts a generous and functional floor plan. You'll find 3 good-sized bedrooms upstairs, including a 3-piece ensuite off the primary bedroom. The large windows throughout the house flood the interior with warm, natural light. Step outside into your own personal oasis. The beautiful backyard backing GREENSPACE provides a private space for relaxation and outdoor fun, perfect for summer barbecues or evening stargazing. Walking distance to schools, close to commuting routes, shopping and recreation. Call today for your private viewing.

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New property listed in Clayton, Cloverdale

We have listed a new property at 314 6438 195A ST in Surrey. See details here

Yale Bloc 2 - West-facing one bedroom looking out over lovely landscaped courtyard. Large windows and 9"foot ceilings make this modern condo feel light and bright. All finishes selected by an award-winning Interior Design firm. From high-end laminate in the living and dining area, to a dream kitchen featuring white quartz counters and sleek flat panel cabinetry, this home offers modern living at its best! Plenty of storage including a large entryway closet and a walk-through closet between the Primary bedroom and cheater ensuite. Additional storage locker and one parking included, plus Home Warranty. All this walking distance to Willowbrook Mall and the many amenities of Clayton and Langley. Investors, first time home buyers or downsizers, this is an opportunity waiting for you!!

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New property listed in Cloverdale BC, Cloverdale

We have listed a new property at 16628 60 AVE in Surrey. See details here

STYLISH HALF DUPLEX WITH NO STRATA FEES! This home is immaculate! Beautiful 2 storey with a FULLY FINISHED BASEMENT/SEPARATE ENTRY 2,566 sqft 1/2 Duplex Home. This home boasts 4 bedrooms in total 3 up, 1 down & 3.5 bathrooms. Open plan kitchen with maple cabinets, SS appliances, fresh designer colors, well-planned out storage, Central vac, security system and fully fenced back yard with patio. This home has LANE ACCESS to garage & driveway parking and the list goes on... Located within walking distance to 2 elementary schools, shopping, transit & the best park in Cloverdale, the Athletic Park. These duplexes are highly desirable and sell quickly.

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We have sold a property at 15417 KILDARE DR in Surrey

We have sold a property at 15417 KILDARE DR in Surrey. See details here

Prime location on Kildare Drive in this sought after Sullivan Station neighbourhood of half acre gross density lots (13,000 sq ft). This bright and open plan features very spacious rooms. Home is well maintained with updated windows and high efficiency furnace installed in 2020. Huge sundeck at rear overlooks large private backyard. 15' wide R/W for Regional District underground sewer line crosses through backyard. Walking distance to elementary school, transit and shopping. Comes with large parking pad for your RV or boat. Enjoy this home or build new. Great neighbourhood and great value here priced well below assessed value!

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Open House. Open House on Saturday, November 18, 2023 2:00PM - 4:00PM

Please visit our Open House at 15748 91A AVE in Surrey. See details here

Open House on Saturday, November 18, 2023 2:00PM - 4:00PM

This charming, lovingly maintained home is nestled in a fantastic family-oriented neighbourhood, making it the perfect place for you and your family. With a focus on comfort, space, and convenience, this residence is bound to steal your heart. This home boasts a generous and functional floor plan. You'll find 3 good-sized bedrooms upstairs, including a 3-piece ensuite off the primary bedroom. The large windows throughout the house flood the interior with warm, natural light. Step outside into your own personal oasis. The beautiful backyard backing GREENSPACE provides a private space for relaxation and outdoor fun, perfect for summer barbecues or evening stargazing. Walking distance to schools, close to commuting routes, shopping and recreation. Call today for your private viewing.

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Open House. Open House on Sunday, November 19, 2023 2:00PM - 4:00PM

Please visit our Open House at 15748 91A AVE in Surrey. See details here

Open House on Sunday, November 19, 2023 2:00PM - 4:00PM

This charming, lovingly maintained home is nestled in a fantastic family-oriented neighbourhood, making it the perfect place for you and your family. With a focus on comfort, space, and convenience, this residence is bound to steal your heart. This home boasts a generous and functional floor plan. You'll find 3 good-sized bedrooms upstairs, including a 3-piece ensuite off the primary bedroom. The large windows throughout the house flood the interior with warm, natural light. Step outside into your own personal oasis. The beautiful backyard backing GREENSPACE provides a private space for relaxation and outdoor fun, perfect for summer barbecues or evening stargazing. Walking distance to schools, close to commuting routes, shopping and recreation. Call today for your private viewing.

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We have sold a property at 15 12049 217 ST in Maple Ridge

We have sold a property at 15 12049 217 ST in Maple Ridge. See details here

Rare find 55+ One level Rancher style, corner unit townhouse with a backyard and a garage. No stairs, no one above or below you. Friendly community and proactive strata. Complex is well maintained with a newer roof. The unit is freshly painted and comes with a newer hot water tank and laundry set. Main bath is renovated with a tiled/glass shower stall. Low strata fee. Short distance to shopping, transit and hospital. check out the virtual tour https://my.matterport.com/show/?m=DLgq36K3QXy

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