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Calculating Rental Property Profit in Ontario
Are you thinking about investing in real estate to earn rental property income? Whether you invest in a residential or commercial building, there are several things to consider to make sure the property will generate a profit. Here’s what you need to take into account to determine how profitable an ...
Continue ReadingCapital Gains Tax Changes in Canada
Starting June 25, 2024, the capital gains inclusion rate will be increased from one-half to two-thirds for capital gains of over $250,000 per year for Canadians, and on all capital gains for corporations and most types of trusts. Four Key Federal Budget Capital Gains Measures 1) Increase in Capital Gains Inclusion Rate Change: Effective ...
Continue ReadingMoney Laundering and Ontario Real Estate Prices
The Objective Of Money Laundering When you buy an asset, whether a home or an investment property, you try to get the best value for your time and money. You want a deal. The seller is trying to extract the maximum price they can get from you, without driving you away. ...
Continue ReadingAssignment Sales and GST/HST Implications in Ontario
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect of newly constructed or substantially renovated single unit residential complexes or residential condominium units are taxable. For clarity, with respect to residential housing transactions, the ...
Continue ReadingRecording Buyers During Showings in Ontario
Smile! You’re being secretly recorded. Oh, the joys of privacy law! With more twists and turns than an Agatha Christie novel, it truly is the gift that keeps on giving… if you’re a privacy lawyer. For normal people, maybe not so much. Perhaps it’s because of the warmer weather that’s just around ...
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