The federal government has announced a proposed Productivity Mega Deduction, which would expand the types of business assets eligible for a full first-year tax deduction. Announced by Prime Minister Mark Carney at the Canada Investment Summit in Toronto, the proposal builds on measures introduced in Budget 2025. The government says it would expand eligibility from … Read more
What does an insurance company actually look for when it inspects a rental property? To help answer that question, Humberview Insurance reviewed more than 100 recommendations from recent insurance inspections of student rental properties across Ontario. While every insurer and property is different, the results provide real examples of the issues insurance inspectors are identifying … Read more
Since April 30, 2018, all landlords in Ontario will be required to use the new standard lease agreement developed by the Ontario government. This initiative aims to streamline the rental process and ensure fairness and transparency for both landlords and tenants. Access the standardized lease here: Click here for Ontario’s Standard Residential Tenancy Agreement Why … Read more
Ontario Student Rental Housing Regulations and Insurance Guide As the rental housing market grows, many cities in Ontario are implementing stricter regulations to ensure compliance with local rental bylaws. This is particularly important for landlords renting to students, as student housing requires specific attention to safety standards and legal requirements. If you’re looking for student … Read more
Ontario Premier Doug Ford has announced a new deal to accelerate the plan for selling beer, wine, and ready-to-drink cocktails in corner stores and additional supermarkets, set to start on September 4, 2024. This move, 16 months ahead of the original timeline, will cost the province up to $225 million to compensate The Beer Store, … Read more
Stricter Impaired Driving Penalties Coming to Ontario The Ontario government plans to introduce tough new measures for impaired driving, including ignition interlock devices and lifetime driving bans, to enhance road safety. Transportation Minister Prabmeet Sarkaria announced these measures as part of a broader initiative addressing licence suspensions for stunt driving and auto theft. Mandatory Alcohol … Read more
In an unsettling trend, the Peel Region of Ontario, encompassing Mississauga and Brampton, is experiencing a significant number of car thefts, indicating a widespread issue that demands immediate attention Our analysis of data spanning from May 1, 2023, to May 1, 2024, reveals some concerning statistics: Key Findings of Peel Region Car Theft Analysis: . … Read more
Sources say, Honda Canada is gearing up to revolutionize the automotive landscape by establishing a new electric vehicle (EV) battery plant alongside its existing manufacturing facilities in Alliston, Ontario. This bold $14 billion venture is part of a collaborative effort with the federal and Ontario governments, signaling a significant push towards sustainable automotive technologies in … Read more
On March 31st, 2024, the City of Toronto embarked on an ambitious initiative, unveiling a comprehensive framework for what is commonly known as rooming houses, or multi-tenant houses. This move aims to enrich the diversity of housing options available in all neighborhoods throughout Toronto, while ensuring these accommodations are well-maintained, secure, and affordable. Key Elements … Read more
Understanding the Push Towards Electric Vehicles Across the country, we see a large-scale adoption of electric vehicles that not only reduce carbon emissions but also help save money in the long term. Owners of these vehicles can now save hundreds of dollars in fuel prices and car maintenance, while also potentially benefiting from lower electric … Read more