Blog Post

April 2016 Market Report

  • By Ali Mamdani
  • 15 Apr, 2016

It’s Tax Season— Numbers You Need to Know

Increases to income tax rates brought in by the new provincial government have come fully into effect in after being partially implemented in October of 2015.
Under the new brackets, the first $125,000 of an individual’s income will remain taxed at an unchanged rate of 10% — meaning about 93% of Alberta residents will be unaffected, according to the government. That being said, there will be increased marginal tax rates on dollars earned above that amount, with income between $125,000 and $150,000 taxed at a 12% rate, $150,000 to $200,000 at 13%, $200,000 to $300,000 at 14%, and income over $300,000 at 15%. The “tax on split income” now limits income-splitting techniques that seek to shift certain types of income from a higher-income individual to a lowerincome minor. The tax on split income is now calculated using the highest tax rate (i.e. 11.25% for 2015 and 15% after 2015), instead of at a rate of 10%. Alberta’s general or manufacturing and processing (M&P) corporate tax rate has increased from 10% to 12%.
By Ali Mamdani 04 Oct, 2017
Many home owners are fortunate to have a property with mature trees and shrubs. Although it is always best to save a tree when you can, there may be times when you question tree removal as an option for aesthetic or safety purposes. 

Here are three questions to ask yourself before making a decision:

1.   Is it causing structural damage?

Tree roots can grow to the surface and change the drainage pattern across a property. In some cases, they can block water and keep it from running away from a house or yard. A tree planted too close to a house can lift a walk, rot the eaves and drop juicy berries
that are then tracked through the house.  

2.   Is it making the property difficult to use?

 If a tree robs you of the ability to do what you would like to on your property, then removing it might be the answer. But first, try to include it in your plans. The trunk can be incorporated into a deck or patio design. The effect of making an opening in a deck
for the tree to grow through is quite pleasing.

3.   Can tree removal help the space?
If healthier and more desirable species will be planted in place of the one that was removed, it can be good for
the environment. In a natural woodland setting, removing certain trees can help the ecosystem. For
example, the removal of leggy, weak pines will make space for the more desirable native hardwoods.
By Ali Mamdani 03 May, 2016
“Should I sell in this Buyer’s Market or wait until we’re in a Seller’s Market again?”
By Ali Mamdani 15 Apr, 2016
Let’s be honest, nothing really matters unless you know how you’re going to pay for your next home or investment property. The reality is that anyone (and I mean anyone) can find the money to purchase a home. In fact, we have seen people who are over $70,000 in debt, unemployed, and on the verge of bankruptcy purchase not one, but multiple homes at the same time. Sound impossible?
By Ali Mamdani 15 Apr, 2016
Many people want to know what the secret is to getting the most out of their real estate and to appeal to most consumers looking for real estate today. This report will guide you through doing many of those things to help get the most dollars when selling your property.
By Ali Mamdani 06 Jan, 2016
Changes to Minimum Home Down Payment Rules
More Posts
Share by: