Investor · Abbotsford, British Columbia · Member since 2016 · 28 posts · 19 votes
Hi, I’m looking at buying a multi family in Most likely Moncton, but open to other areas, anything I should watch out for? I know about the double tax already, thanks
Hi, I’m looking at buying a multi family in Most likely Moncton, but open to other areas, anything I should watch out for? I know about the double tax already, thanks
Dan: What double tax? I've posted clarification on property taxes in NB on another thread recently, so will not go into it here. The short of it is, there is a rebate of the provincial portion of the property tax to owner occupants (they have to apply for it to get it). While this rebate is significant, it is not 50% of the full tax rate on residential properties.