Archive | Taxes

16 January 2017 ~ 0 Comments

Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

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19 September 2016 ~ 0 Comments

CRA On The Hunt For Real Estate Tax Cheats

This past week I attended a presentation that covered tax implications when doing assignment sales, buying fixing, and flipping property and selling pre-construction condos. Often we hear of friends or family who have made money in some form of one of the above scenarios, but we don’t talk much about the tax implications that are […]

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15 September 2015 ~ 0 Comments

Shouldn’t Toronto be Rich?

With the massive condo boom in the city of Toronto the past 10 years, it seems logical that our city’s property tax base has grown proportionately. If you live or have lived in a condo, you have probably had that moment of thinking, ‘why am I paying $2,500 per year for 650 square feet again […]

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16 April 2014 ~ 0 Comments

Tax tips for investors: Clearing up real estate confusion

Real estate has been a hot investment area in Canada for quite some time now due to favourable economic conditions, immigration, and historically low interest rates. Canadians who have taken advantage of these conditions are sometimes confused about the measures they can take to reduce their tax burden.

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