Special to The Globe and Mail [Globe and Mail, The (Toronto, Canada)]
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: Globe and Mail, The
But for couples with more than one property, the rules are less straightforward – and the stakes can be significant. A second home, a cottage or a property brought into a relationship can turn what appears to be a simple exemption into a series of decisions that affect how much tax is ultimately owed. The question is becoming more common as demand for second homes remains resilient, even amid economic uncertainty. According to a 2025 report from Royal LePage, the median price of a recreational home rose modestly over the past year and it is expected to increase further. The exemption is relatively straightforward: A principal residence is generally a property that a homeowner ordinarily inhabits, and when it is sold, any gain is shielded from tax, says Slonee Malhotra, a residential real estate lawyer and partner at Sorbara Law in Kitchener, Ont. That definition, however, leaves room for more than one property to qualify. “Even if you only live in the property for a couple of
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News
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- An Ideal TFSA Stock Paying 8.3% Each Month [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BAM
Earnings
- 2/4/26 - Beat
BAM
Sec Filings
- 3/3/26 - Form 8-K
- 3/3/26 - Form 8-K
- 3/2/26 - Form 10-K
- BAM's page on the SEC website