Taxing the condo flip: Canada Revenue Agency has its eyes on sales, especially in hot markets
In parts of Canada, notably Toronto (Vancouver is quiet due to the new tax), the real estate market is booming. Buying prebuilt condos and then flipping them once they are completed has been a profitable activity in many Canadian real estate markets. This has translated into good work for real estate lawyers. But are you advising your clients to seek tax advice when acting for a seller? Read the article………….
What happens when a condominium fails to set out the monthly fees associated with a parking unit in a status
Your own unit and a portion of the space you share with all your neighbours. That’s the simple explanation. The
In a prior column on ‘The Southampton’, a condominium located in the west end of Toronto, I indicated that it