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………….


Related Articles

Condo lien enforcement hits the highway

Until now, mortgagees could commence their enforcement lawsuits anywhere in Ontario they pleased, regardless of where the mortgaged property is

Five winter safety tips for condo managers

December has been seasonably mild to date, so winter safety tips may not be top of mind for condo managers

Trespassing in Condos

A trespasser is a person who, without legal right, enters another’s property when entry is prohibited, engages in a prohibited activity on the property, or does not leave immediately when asked.