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...
by REM Editorial Team | Jan 16, 2017 | Boards & Associations, Featured, News
The Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA) are fighting a City of Toronto proposal that would increase land transfer taxes on homebuyers. TREB has launched a website to shed light on the proposed changes, which it says could...
by MarkWeisleder | Nov 18, 2016 | Featured, Legal Issues
End of year usually means gathering up all of your receipts and making sure you take all of your permitted tax deductions. If you or your clients have purchased a new home or condominium in the past two years, you may have an HST rebate coming to you. Here’s why: If...
by REM Editorial Team | Jul 6, 2016 | Boards & Associations
A coalition of real estate industry groups has formed to participate in the City of Toronto’s revenue tools conversation and evaluate upcoming proposals for new taxes, based on their impact on the city’s economic competitiveness. The Commercial Real Estate...
