The month of September brings the unofficial start to Toronto’s fall real estate market. Once labour day passes and the last of our summer long weekend plans are behind us, a new school year kicks off, and so often does our housing sales. Depending on when the holiday Monday falls (this year it was early, […]

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Once again the Canadian government has found a way to penalize hard working small investors, who have purchased a condo pre construction. This is the same government agency that over the past few years have aggressively been attacking both unsuspecting and savvy condo investors, who have opted to sell their purchase contract before the condos […]

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With tax season upon us, if you moved in the calendar year of 2017, you must report your sale on your 2017 tax return. The government refers to this change as an “administrative change” but what it really is, is a pain in the butt and another way for big brother to see if they […]

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#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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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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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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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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