Canada & Ontario mortgage rule watch
See verified rules, programs and important dates without confusing a regulator’s role with an individual lender’s approval policy.
Find the answer from your problem
Choose one clear starting point. Narrow the results by status, topic or client type afterward.
Start here
Clear status labels prevent an announcement or proposal from being mistaken for a rule already in force.
Newest relevant date first
200 published items match this view. We prioritize the effective date, then the announcement or last-update date.
Generally, no—not simply because only one spouse is on title. Ontario’s Family Law Act restricts a spouse from disposing of or encumbering an interest in a matrimonial home unless the other spouse joins, consents,…
No. CRA’s rollover rules may defer a capital gain on certain transfers to a spouse or common-law partner, but they do not approve the mortgage, release a borrower or settle Ontario land transfer tax.
No. Ontario provides specific exemptions for qualifying transfers between spouses or former spouses, but marriage by itself does not make every transfer tax-free. The consideration and the legal reason for the transfer still matter.
Yes. Taxable short-term accommodation can create GST/HST registration, collection and input-tax-credit issues, and a change in commercial use can affect the later sale of the property.
Deductibility generally follows the current use of the borrowed money—not simply the property used as collateral. Clear tracing, a legal obligation to pay interest and an eligible income-earning purpose are central.
Yes. CCA may reduce current rental income, but a later sale can produce recapture, and prior CCA can prevent certain principal-residence change-of-use elections.
Not automatically. CRA examines whether the income-producing use is ancillary, whether there was a structural change and whether CCA was claimed. A more substantial partial conversion can create change-of-use consequences.
Potentially. A subsection 45(3) election may defer the deemed disposition when an income-producing property becomes a principal residence, but prior CCA claims can make the election unavailable.
Potentially. A subsection 45(2) election can defer the deemed disposition that normally occurs when a principal residence becomes an income-producing property, but conditions and future consequences matter.
It depends on when your spouse owned the home and whether you occupied it together while married or common-law. Being off title does not automatically preserve the refund.
Ontario land transfer tax is calculated using graduated rates on the value of consideration. Your lawyer normally collects it at closing, and it is generally cash required in addition to the down payment.
Yes, potentially. CRA generally describes a substantial renovation as removing or replacing 90% or more of the interior that existed immediately before renovation, subject to detailed measurement and exclusion rules.
A typical used owner-occupied home sold by an individual is usually exempt from GST/HST, but the result can change for builders, business transactions, substantial renovations, short-term rentals or mixed-use property.
Toronto’s eligible first-time-purchase rebate is up to $4,475 for qualifying new or resale residential property. It is separate from Ontario’s maximum $4,000 refund.
No. The home buyers’ amount is a non-refundable income-tax credit claimed on a tax return after an eligible purchase; it is not cash available for the deposit or closing day.
Search the HCRA Ontario Builder Directory before signing. It can show licensing status, experience, homes built and regulatory history, including project information and certain cancellations.
No. The PDI documents missing, damaged or incomplete items before possession, but Tarion says the PDI form itself is not a warranty claim. Unresolved items may need to be submitted separately through the applicable…
Tarion may compensate eligible buyers when the builder fails to give required delay notice or misses protected dates. The claim is not automatic, and Tarion says the form generally must be submitted within one…
How to read this centre
Sets laws, program requirements or prudential boundaries. FSRA regulates; it does not write every lender’s underwriting policy.
Applies only when the mortgage or client fits that insured product or program. It should not be generalized to every conventional deal.
Decides its own acceptable income, property, credit and exception policy inside the applicable rules.
Mortgage rule second opinion
Share the change you are concerned about, your timing and the client problem. Rajiv can help separate the confirmed rule from assumptions and identify questions worth exploring across A, alternative/B, MIC or private lending where appropriate.