News: Vancouver Real Estate MarketWhat are the tax implications of building a laneway house?
A laneway house is a small detached residential infill house that typically fronts on the lane of a larger principal house.
It’s important for property owners to understand their options before building a laneway house or buying a property with a laneway house. If you are looking for information about the tax implications of laneway houses, read about these scenarios outlined by the Canada Revenue Agency (CRA).
1. You own a principal residence and you hire a builder... |
Royal LePage West Real Estate Services
©2024 David Reimers Personal Real Estate Corporation - All Rights Reserved.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
