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It's just a cycle. Cycles can last for 30 years, like this housing boom, or 3 months. But, this housing boom will end with a correction, just like every other cycle for every other asset class in every other country in history. The current housing boom has been fueled by low interest rates...

That's not how markets work. This has NEVER happened in ANY asset class, anywhere in the world. And if you think it has, please prove me wrong.

Simple logic with common sense applied is that a house costing 50k in 1980 will be remodified/reconstructed/renovated and will always be sold at a much higher value than 50k and never less than that considering whatever world ending events happened or will happen. Except that a simple search...

So do you think that real estate is somehow immune from the cycles that EVERY asset class experiences over time? And that it can never go down? What an incredibly naive opinion that isn't based in any sort of reality. All asset classes go through cycles, and real estate is no different...

The fact is that it is much too early to determine what the impact of COVID-19 will be on housing prices in Canada. Once the government subsidies and mortgage deferrals end, we'll see what the shape of the economy is. If there are large numbers of layoffs, or businesses struggle in general...

This is definitely NOT true in Toronto, which is certainly a "hot market": https://nowtoronto.com/news/toronto-rent-dropped-as-much-as-22-per-cent-downtown

No impact at all on your immigration or citizenship status. The Landlord and Tenant Board hearings are relatively casual, and you don't need a lawyer at all.

If he is a CA, you could start with the Canadian Institute of Chartered Accountants.

Sorry to hear of your experience. Through no fault of your own, you arrived at a time where the financial industry is under tremendous pressure and firms are struggling to adjust to the new normal. The asset management industry in Canada was already diminishing, even before COVID, and the...

If there is an error on the ticket, it is usually inadmissible and is thrown out.

No, in that case, it doesn't seem like you have sufficient ties to Canada to be deemed a tax resident. so, you don't need to file your tax return.

As a non-resident with rental income, you were supposed to withhold a portion (I believe it is 40%) and remit this to the CRA each month. Obviously you didn't do this. As suggested above, get yourself an accountant to sort this out with the CRA before even worrying about capital gains.

Practically speaking, you can take the money out of your account now for person use. At the end of the year, when you file your taxes, ask your accountant how best to classify those payments to minimize your combined tax burden (corporate and personal). It could be a salary, dividends or even...

Walmart, Shoppers and Costco all offer self-printing services. Just call ahead to ensure the location you plan to visit have the machines

There are no financial benefits provided for PR's not living in Canada.

This is absolute nonsense, and I would request that OP ignore this advice entirely.

No, this is not a program for the government to support people all over the world. This is a program to help those taxpayers in Canada who have been directly impacted by the COVID shutdown. You should look at programs in your own country of residence to help you through these times.

I believe the maximum you can go back is 11 months

Investing via a TFSA when you aren't allowed to will certainly result in fines/penalites. I accidentally over-contributed to a TFSA last year (bank's error) and still had to pay several thousand dollars to the CRA.

When you open your account with Questrade, you can choose whether you want a registered account (RRSP, TFSA, LIRA, etc.) or a general investment account. Choose the latter and you can trade at will, as you will be using after-tax funds.