Flipping Houses? Here’s How The CRA Classifies Your Profits

House flipping has become a popular way to build wealth in Canada, especially as real estate prices have surged. The basic idea – buy a property, renovate it, and sell it quickly for profit –  sounds simple. But from the Canada Revenue Agency’s (CRA) point of view, flipping can carry complex tax consequences, and you … Continue reading Flipping Houses? Here’s How The CRA Classifies Your Profits

Tax Rules for Airbnb & Short-Term Rentals in Canada

Short-term rentals through platforms like Airbnb, VRBO, and Booking.com have become a popular strategy for Canadians to generate additional income. However, these rental activities come with important income tax and GST/HST implications. As of January 1, 2024, new federal legislation has introduced even stricter rules, particularly regarding municipal compliance. This article outlines the key tax … Continue reading Tax Rules for Airbnb & Short-Term Rentals in Canada

Changing how you use property? Here’s how to save on taxes

When a Canadian taxpayer changes the use of a property from personal use (such as a principal residence) to income-producing use (such as a rental), or vice versa, the Income Tax Act may trigger a deemed disposition at the property’s fair market value.

Tax Tips for Canadians Investing in U.S. Real Estate Watch Video

This video explains how Canadians can invest in U.S. real estate tax-efficiently and highlights key strategies to avoid costly cross-border tax mistakes.

How to Maximize Your Principal Residence Exemption

The principal residence exemption (PRE) is a great valuable tax benefit that’s available to homeowners in Canada. Since 2016, the CRA has required taxpayers to report the sale of a principal residence on their tax return. Failing to designate the property properly can result in a loss of the exemption and possible penalties.

Tax Implications Assignment Sales Canada Watch Video

In this Video, Allan explains the tax implications of assignment sales in Canada, including the forms to file, how the profits are taxed, and HST obligations.

How to Make Real Estate Investments Profitable

Are you a real estate investment group? This article is about why you should incorporate for real estate. I’m going to tell you the top five reasons why you should incorporate for real estate.

Purchasing Foreign Real Estate and FAPI Taxes

The escalating housing market in Canada is compelling investors to explore real estate opportunities beyond their borders, such as in the US, Europe, and Asia. These investors often acquire foreign properties through intermediary entities known as foreign corporations. This preference stems from the liability protection and simplified compliance with local laws and regulations such corporations … Continue reading Purchasing Foreign Real Estate and FAPI Taxes

Navigating Tax Implications of Assignment Sales

Assignment sales have become a common way for individuals to make a profit on their real estate assets. However, these transactions come with tax implications that many people may not be aware of. In this blog, we’ll explore the tax implications of assignment sales in Canada through a practical example.

Comparing Home Buyers Plan and First Home Savings Account

In this video, we will explore the benefits and differences between the Home Buyers Plan and the First Home Savings Account.

Real Estate Taxes With Allan Madan

Ava Benesocky and August Biniaz the principals of CPI Capital noticed the need retail investors have in learning about alternative investments.

Buying a primary residence through a corporation in Canada.

Are you a business owner that would like to purchase a new home with your corporate savings. If yes, read further to learn how.

Purchasing a Primary Residence with a Corporation in Canada Watch Video

Are you a business owner that would like to purchase a new home with your corporate savings.

Tax implications of Canadian investment in Florida rentals.

Thinking of making an investment in the sunshine state? Learn more about investing in a Florida rental property as a Canadian.

How to Prepare a Rental Form

Français Find out how you can prepare a Statement of Real Estate Rental Form T776 as part of your personal tax filing. This is meant for investors that own rental properties in Canada and would like to file their tax returns independently.

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