by Myles Shane | Oct 28, 2019 | Advice for Agents, Featured
In 2019, Canada Revenue Agency (CRA) assessed a 65-per-cent year-over-year increase in gross taxes related to real estate – some $171 million. Penalties totalled more than $57 million, which is more than double the year prior. Recently REM spoke to Mariska Loeppky,...
by REM Editorial Team | Aug 26, 2019 | Boards & Associations
A survey commissioned by the Ontario Real Estate Association (OREA) says Ontarians believe their municipal governments could be much more efficient with use of their funding, with about 70 per cent agreeing that a lot more could be done to find savings and control...
by James Thomas | Jun 21, 2019 | News
When you’re responsible for your own bottom line as a salesperson or broker, you know it’s important to be organized – especially when it comes to expenses. Lots of little costs add up: a cup of coffee here, a taxi ride there. It’s a lot to juggle. Before you know it,...
by REM Editorial Team | May 28, 2018 | Featured, News
More than $43.7 million in penalties have been assessed by Canada Revenue Agency (CRA) during the last three years for evading taxes in real estate transactions. The agency says that audits have identified $592.6 million in additional taxes related to the real estate...
by Irina Sfranciog and Rachael Segal | May 8, 2017 | Featured, Legal Issues
In Canada, resident sellers of a principal residence are usually eligible for an exemption from the capital gains tax that would otherwise be triggered by the sale of a principal residence. Non-resident sellers must pay a capital gains tax of 25 per cent on the...
