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New Residential Rental Property Rebate

If you’re buying a new condominium as an investment property, and are planning to rent it out, you may be eligible for a rental property rebate. The rental property rebate, also known as the New Residential Rental Property Rebate, is applicable on the purchase of a newly built home or condominium when you have a […]

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Understanding the qualifying residential unit for NRRP Rebate

Like many government incentives and rebates, the guidelines for the NRRP Rebate (also referred to as New Residential Rental Property Rebate) can be somewhat confusing and often difficult to understand. This is especially true with regard to the qualifying residential unit for NRRP Rebate, making it a challenge to prepare and submit an application.

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Landlords Eligible for New Residential Rental Property Rebate

In Ontario, the New Residential Rental Property Rebate is available to property buyers who plan to rent out their newly purchased real estate. This particular rebate is for the buyer only – and not available to the vendor. The rebate is available right after closing, so it’s wise to apply ASAP. The New Residential Rental […]

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CRA is Cracking Down on Condo Flipping

Recent news reports show that Canada Revenue Agency (CRA) is cracking down on condo flipping in Toronto. It turns out that Canada Revenue Agency is reviewing a few thousand purchase/sale transactions that may potentially involve pre-construction condo flipping. CRA is determining whether specific formal audits are required in order to uncover tax evaders. Essentially, CRA […]

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The HST Rebate on New Homes Can Make a Big Difference

The Ontario government has set up an HST rebate on new homes as a means of helping new homeowners with the ever-increasing cost of buying a home. By offering homebuyers an HST rebate on new homes, the aim is to lessen the financial burden for the many first time buyers. The HST rebate on new […]

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Top 10 Tips for a First Time Homebuyer

Today, there are hot real estate markets in every part of the country. This creates a whole new set of dynamics for homebuyers and home sellers, and especially for the first time homebuyer. But the fundamentals of buying remain the same, and it’s always wise to keep things on course.

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New Residential Rental Property Rebate

If you’re buying a new condominium as an investment property, and are planning to rent it out, you may be eligible for a rental property rebate. The rental property rebate, also known as the New Residential Rental Property Rebate, is applicable on the purchase of a newly built home or condominium when you have a […]

Read More

Understanding the qualifying residential unit for NRRP Rebate

Like many government incentives and rebates, the guidelines for the NRRP Rebate (also referred to as New Residential Rental Property Rebate) can be somewhat confusing and often difficult to understand. This is especially true with regard to the qualifying residential unit for NRRP Rebate, making it a challenge to prepare and submit an application.

Read More
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