Archive for June, 2017

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 […]