Condo flippers should understand what defines a real estate flip Be aware “condo flippers” if you’re planning to sell a condo that you’ve recently bought as an investment, be aware that CRA is watching carefully – especially if you’ve never moved in. Indeed, CRA has become ever more watchful when it comes to reporting capital […]
The New Home or New Housing HST Rebate in Ontario was created by the Government of Canada to help homeowners receive a maximum of $24,000 if the HST was paid on the purchase of the land, and $16,080 if it was not, while renovating or building a new home. If you have paid the HST […]
With such a dynamic real estate market, many investors are asking themselves whether buying a condo as an income property in Toronto is a good idea. The good news is that real estate investment offers a number of different options. The important thing is to determine which option is right for you.
The Ontario Condo Rebate, also known as the New Residential Rental Property Rebate, is open to both Canadian and foreign investors. The rebate allows you to receive an HST rebate on a new home (or condo). To qualify for the Ontario Condo Rebate you must provide proof of a one-year lease for the property you […]
If you’re considering buying a rental property, and you’re serious about becoming a landlord, it’s worth looking at the entire picture – in other words, a thoughtful look at the pros and cons. In today’s crazy real estate market, buying a rental property could be a viable investment option.
Like many government-backed tax rebates, navigating through the rules and regulations can get confusing. The pre-requisites are often hard to understand and it’s not that uncommon to make mistakes. That’s why it’s important to understand the difference between the GST/HST New Home Rebate and the GST/HST Rental Property Rebate. This will ensure a complete and […]
