by Bhavika ChadhaBare Trusts in Real Estate: When to Use Them and How They Affect Taxation
Bare trusts can be a useful tool in real estate transactions for privacy and tax neutrality, yet they are often misunderstood or overlooked. Like all ...
by Bhavika ChadhaNavigating Properties with CRA Liens: What Sellers Need to Know
Selling a property already comes with many stresses and complexities, but when the CRA places a lien on the property, those complexities increase. Whe...
by Bhavika ChadhaWhen Is the Sale of Your Home Taxed as Business Income in Canada?
Buying a home is often one of the largest investments a Canadian taxpayer will make. What many homeowners do not realize, however, is that selling a p...
by Andrew PeddleLand Transfer Tax in Canada: What Buyers Need to Know
When purchasing real estate in Canada, many buyers focus on the price of the home but forget about a major additional cost: land transfer tax. This on...
by Bhavika ChadhaTax Implications of Selling Your Principal Residence in Ontario
Under section 54 of the Income Tax Act (the “Act”), a principal residence is generally defined as a housing unit (including leasehold interest or ...
by Andrew PeddleOwning Rental Property Through a Corporation
Owning rental property has become an increasingly popular and effective strategy for long-term wealth accumulation. In response, individuals are becom...
by Connor TzountzourisUnderstanding the Tax Implications of House Flipping in Canada
House flipping has become a popular way for many Canadians to invest in real estate. The concept is simple: buy a residential property, renovate it, a...
by Jeffrey LiuPrincipal Residence: Tax Consequences of Sale
Generally, when real estate is sold, the seller will pay some tax on the proceeds. The Principal Residence Exemption (the “PRE”), as explained und...
by Bhavika ChadhaHow a GST Elimination on New Homes Could Affect the Existing Housing Rebate Framework
In wake of the recent federal election, Prime Minister Carney’s platform placed a greater focus on eliminating the Goods and Services Tax (GST) for ...
by Jason Rosen