Tag: GST
Tag: GST
Condo Builders Leasing Units Triggers HST Self-Supply
This article is not intended to provide any accounting or tax advice, but merely to illustrate to condo builders some serious consequences of leasing their inventory...
Everyone’s a “Builder”, but what does that mean in terms of HST?
For purposes below referring to a “house” includes a condo as well. Did you know that CRA will consider you a “Builder” if:1) You are an...
Understanding Municipal Tax Sales: Legal Challenges
Other Legal Challenges Earlier we have discussed three Municipal Tax Sales clauses, which if applicable, leads to cancellation of sale. Besides cancellation by the treasurer, the...
Some Notes on Municipal Tax Sales
GST On July 1, 2010, the Harmonize Sales Tax (HST) will replace GST in Ontario. However, the province’s municipal tax sales legislation precedes the federal GST...
THE NEW HST: What all Home Buyers are Asking!
As part of its provincial budget, the Ontario government chartered a bill on March 26, 2009 that will adopt a single sales tax system tagged as...
LAND TRANSFER TAX IN ONTARIO: And now the HST!
In Ontario, the land transfer tax has to be paid if land is purchased in the province or an interest in land is acquired therein. This...
SOME BASIC REAL ESTATE TAX STRATEGIES
Proactive and preemptive tax strategizing is important when filing an income tax return. The income and excise taxation of Canadian real estate would primarily depend on...
Real Estate: Buying New? What You Need to Know
People who purchase new condominiums and houses directly from the developer are usually attracted to the prestige of being the first to own and occupy the...
