Blog

Blog

Why Do I Pay the HST Rebate Upfront on Rental Properties?

  • Published by admin
  • on July 22, 2020
When a developer or builder advertises their housing, they do so under the premise that the “typical” buyer will be purchasing the house or condo as their primary residence, as such they reduce the “sticker price” of their properties by the amount…

The Ultimate Guide to New Housing HST Rebates

  • Published by admin
  • on July 22, 2020
What Is The New Housing Rebate? The New Housing HST Rebate was created by the Government of Canada and select provincial governments to help home buyers receive a rebate of up to $30,000. The amount that homeowners qualify depends on…

How the Courts are Interpreting the New Housing HST Rebate Rules

  • Published by admin
  • on July 22, 2020
The Canada Revenue Agency (CRA) continues to disallow claims for new housing rebates on strictly technical grounds. Ngai (Ngai v. R, 2019 FCA 181 (Federal Court of Appeal)) demonstrates that…

CRA Denying Principal Residence Exemption for Pre-Construction

  • Published by admin
  • on July 22, 2020
The Canada Revenue Agency (CRA) audit divisions have been targeting home sales in the GTA of what they deem to be a quick resale of a newly purchased pre-construction condos. If you resell within 6 to 8 months of getting title, you could face a reassessment for taxation on…

New Residential Rental Property Rebate

  • Published by admin
  • on July 21, 2020
Are you planning on buying a new condominium or houseas a rental property? If you are planning on renting you may be eligible for a new rental property rebate. The rental property rebate, or the New Residential Rental Property Rebate (NRRP Rebate), can be claimed on the purchase of…

New Residential Rental Property 2020 Rebate

  • Published by admin
  • on July 21, 2020
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer iaculis eros mollis massa volutpat rhoncus. Nulla felis orci, varius rutrum vulputate eu, tincidunt ac justo. Donec consectetur sapien at mattis luctus. Nam euismod turpis id metus ultricies, eget egestas eros sagittis. Nulla neque leo, tristique sed nisi eu, vulputate…