Posts Tagged ‘rebates’
What to watch with trust agreements and GST/HST New Housing Rebates
The need to carefully consider who is entitled to the GST/HST New Housing Rebate has been emphasized in recent court cases involving trust agreements. A trust agreement is an agreement between two parties where one party has done something on behalf of the other. We see these agreements in real estate where an individual has […]
Real estate audits – CRA renews its focus on the industry
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 […]
GST/HST New Housing Rebate: 4 things every real estate investor must know
Receiving a GST/HST new housing rebate can mean a substantial chunk of money back in a real estate investors pocket to re-invest. However, the new housing rebate forms and process has some built-in difficulties that can mean the money that should be coming to you will stay firmly in the government’s hands. While the process […]
Understanding GST/HST Housing Rebates
GST/HST tax is an area where real property owners and sellers have many questions. “With increased property values, HST is becoming a bigger issue on the sale of real property, including farmland. See the referenced article for some of the issues to consider when buying or selling real property,” says Scott Merry, CPA, and Senior Manager […]
