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CRA Denying Principal Residence Exemption for Pre-Construction

  • Published by admin
  • on August 4, 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 house as 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…