Tax planning proposals: Letter response to attack on family, small business

Posted on: August 9th, 2017 by Real Estate Accountants 2 Comments
Letter to MP, MPP on tax planning proposals

With the federal government’s recent release of a series of tax planning proposals(see Tax Planning Using Private Corporations), they read squarely as an attack on small business, family business, and real estate investors. We have discussed the impacts of these tax planning proposals in detail both on this blog, and through a detailed article and […]

Corporate tax planning proposals attack on family businesses, investors

Posted on: July 25th, 2017 by Real Estate Accountants 7 Comments
Corporate Tax Planning proposals announced by Liberal government attack on family business and investors

Business owners were warned in the 2017 Federal Budget that discussion papers were coming to consider corporate tax planning. But with the release of the Liberal government’s Tax Planning Using Private Corporations proposals on July 18, few advisors dreamed of the level the government would attack small business owners, family businesses, and investors. Not only […]

GST/HST Pitfalls of Buying Real Estate “In Trust”

Posted on: June 23rd, 2017 by Real Estate Accountants No Comments
GST/HST and buying real estate in trust

Who pays the GST/HST can be tricky to answer on real estate purchases, especially when done “In Trust” for another corporation. A recent court case, 225493 Ontario Limited vs the Queen, provided some direction on this situation, and an expensive lesson learned for the vendor of the property. Background on buying “In Trust” case The […]

Ontario’s Fair Housing Plan – Round-Up

Posted on: May 3rd, 2017 by Real Estate Accountants No Comments
Ontario's Fair Housing Plan

Ontario’s Fair Housing Plan, and its potential impacts on real estate markets not only in the GTA but across Canada, has been dominating the conversations of real estate and construction industry members. We have pulled together a series of articles from BDO Canada around these topics to provide overview and opinion on the latest developments, […]

Saskatchewan PST now applies to property services

Posted on: April 4th, 2017 by Real Estate Accountants No Comments
Tools to renovate

In March, the Saskatchewan government delivered its 2017 Provincial Budget which increased the rate of Provincial Sales Tax (PST) from 5% to 6%. However, more importantly there was a fundamental change in the way Saskatchewan PST will apply to services related to real property. Effective April 1, 2017, the PST applies to services to real […]

Real estate & construction industry: Budget sets sights on business owners & investors

Posted on: March 30th, 2017 by Real Estate Accountants 1 Comment
Budget 2017 and the Real Estate and Construction Industries

For those in the real estate and construction industries, it’s what wasn’t in the 2017 Federal Budget that should give pause for concern. While money for a national housing strategy is a plus, the potential attacks on key tax planning tools for business owners is worrisome. In contrast to the prior two budgets, this budget […]

The “Canadian” real estate market: 4 key cities

Posted on: February 27th, 2017 by Real Estate Accountants No Comments

Canada is a vast country with many unique regions. The same can be said for the Canadian real estate market. Specific geographic regions have unique qualities that affect the real estate market for investors, construction, and home builders. BDO Canada’s latest gifographic covers four key cities in the Canada real estate market and the qualities that […]

Brownfield development: Factors to consider

Posted on: February 20th, 2017 by Real Estate Accountants No Comments
Brownfield development

Developing “brownfields” – those abandoned or underused places where past activities may have left behind environmental contamination – is a more and more common practice for real estate investors and developers. Why? Brownfields are often located in places that would otherwise be considered ideal for development, including downtowns, waterfronts, and next to residential areas that provide […]

7 must-read tax season tips for real estate investors

Posted on: January 24th, 2017 by Real Estate Accountants 2 Comments
Tax tips for real estate investors

As a real estate investor, what should your real estate accountant be advising you about for the 2016 tax season, and the coming of 2017? We previously published this post last year, but with changes that have occurred in 2016, we thought it was worth reviewing, and updating with the latest information. 1) NEW for 2016: Principal […]

Principal residence exemption & your 2016 taxes

Posted on: January 17th, 2017 by Real Estate Accountants No Comments
house and key with Calculator on wooden background

In October, the Federal Government created some major headlines when they announced changes to the principal residence exemption rules for Canadian taxpayers. The details of the principal residence exemption rule changes were outlined in this BDO Canada article, but as a real estate investor, what do they mean for you? Starting in 2016, anyone who […]