Assignment of a Right to a Property and the Tax Implications That Follow Part 1
With the strength of the preconstruction market over the past decade, many have chosen to reap the benefits by purchasing property on plan from a builder and subsequently selling the rights to the property, with a markup, to another buyer before closing. Selling a construction property prior to closing is ...
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So I’m a First Time Home Buyer, What Do I Need to Know?
Congratulations, you are on your way to purchasing your dream home, here is what you should know about the biggest investment of your life. Purchasing a home in this day and age is an expensive proposition, one must be mindful of ...
Clarifying the Home Buyers’ Plan RRSP withdrawal process
You can find a brief summary of the Home Buyers Plan (HBP), and associated credits on my website here: For this posting, I will focus on the HBP RRSP credit, specifically as it pertains to clarification of the process as well ...
Tuition, Education & Textbook Amounts
Tuition, Education & Textbook Amounts Students often fail to claim tuition credits when filing their tax returns for those years in which they are attending a post-secondary institution. These are important credits that not only yield immediate returns, but may also ...
The Healthy Home Renovation Tax Credit
Since the Home Renovation Tax Credit came and went in the 2009 taxation year, my clients consistently inquire about writing-off their renovations. The Ontario government has in fact brought back a semblance of the Home Renovation Tax Credit, with some ...
How important are RRSPs?
Well it's hard to answer that question without knowing the individuals future goals. But I can tell you one thing if you don't work for a company that offers you any sort of future pension you need to consider that ...
What does the HST Rebate mean for home or condo purchases from a builder and why is the government asking for money back from investors?
What is the HST Rebate and what are the differences when applied to the purchase of a principal residence or investment property? The HST Rebate has been around now since mid-2010 when the CRA introduced the HST system in Ontario. The ...
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