Posts Tagged ‘flips’

Real estate audits – CRA renews its focus on the industry

Posted on: August 9th, 2018 by Real Estate Accountants

We have been warning for many years now that the Canada Revenue Agency (CRA) has been placing a renewed focus on real estate audits. These real estate audits can cover real estate investors, realtors, developers, and contractors, among others, across the country. This is resulting in a significant uptick in taxes and penalties for those […]

Accounting when flipping real estate investments

Posted on: September 8th, 2015 by Real Estate Accountants 2 Comments

The tax rules surrounding flipping properties, unlike rent-to-owns, as described in a previous article, are slightly more straightforward.¬†But,¬†using the proper structure is still critical. Think of this as a short primer on those rules, and how they may affect your taxes as you plan your real estate investment business with your real estate accountant and […]