Calculating expected returns on the sale of real estate + MORE Feb 27th

For both beginner and experienced investors, focusing on a few basic guidelines can make the difference between good results and great ones. Whether you’re investing in a taxable account or a tax-sheltered account like a registered retirement savings plan (RRSP), doubling down on the basics can help you make better-informed decisions and reach your financial goals faster.

Set clear targets 

Instead of vague aspirations like “save more in 2022” or “grow my RRSP,” set specific goals you can quantify and track over time. Once you have a goal, you can break it down into the steps needed to get you where you want to be. If you’d like to max out your tax-free savings account (TFSA) this year, for example, what do you need to put in monthly or weekly to reach $6,000—and could you automate your deposits to help ensure it happens?

Online calculators can help you decide on what’s realistic for you. Explore different contribution rates, return assumptions and time horizons…

How do I calculate the capital gain on real estate sold in Ontario? I’m trying to figure out how much I should list my main resident property for—after deducting all expenses (interest, fees, taxes)—to arrive at a reasonable profit margin. Is there a tool or app that can do that? I searched the internet and couldn’t find any articles explaining this process.
–Yan
The ROI on real estate and calculating capital gains
Thanks for your question, Yan. There are a couple of different issues at play here, so I’ll start by clarifying a few points about capital gains. Next I’ll explain how I would approach a target sale price for real estate, as well as for other investments. 
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First off, since you refer to your “main resident property.” I want to be clear that the profit you earn on the sale of a property—called a capital gain—is exempt from income tax when that property is your principal residence…